INDUSTRI RINGAN DRB (IMATEX)

Area Intelligence

Median Price

RM 565,000

PSF: RM 378

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Commercial PSF Trends

Median Price

RM 565,000

RM 378 PSF

INDUSTRI RINGAN DRB (IMATEX) in Seberang Perai Utara, Penang recorded 3 subsale transactions between 2021 and 2025, with a median price of RM 565K and a median price per square foot (PSF) of RM 378.

This area consists exclusively of commercial properties, with no residential listings recorded.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 565K, with most transactions falling within a stable range of RM 520K to RM 711K, and a typical market range of RM 520K to RM 833K.

Most transactions involved terraced factory/warehouse, with minimal variety in property types.

For price per square foot, the median is RM 378, with most transactions between RM 364 and RM 392. The usual range is RM 373.00 to RM 383.00, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 10.00 and an average deviation (MAD) of RM 14 indicate a highly stable PSF trend across properties.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.

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INDUSTRI RINGAN DRB (IMATEX), Seberang Perai Utara, Penang

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Transactions

3 transactions found

Popular Ranges

Under RM 300k RM 300k - 500k RM 500k - 750k RM 750k - 1M RM 1M - 2M RM 2M+

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Size Range (sqft)

Popular Ranges

Under 1,000 sqft 1,000 - 2,000 sqft 2,000 - 3,000 sqft 3,000 - 5,000 sqft 5,000 - 10,000 sqft 10,000+ sqft

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RM 850,000

LORONG MAK MANDIN 5/3

2,250 sqft • RM 378.00 PSF

Aug 2024

RM 565,000

LORONG MAK MANDIN 5/5

1,399 sqft • RM 404.00 PSF

Jul 2023

RM 520,000

LORONG MAK MANDIN 5/5

1,399 sqft • RM 372.00 PSF

May 2023

Road	Price	Land PSF	Land	Date	Type
LORONG MAK MANDIN 5/3	RM 850,000	RM 378.00	2,250 sqft	Aug 2024	Terraced Factory
LORONG MAK MANDIN 5/5	RM 565,000	RM 404.00	1,399 sqft	Jul 2023	Terraced Factory
LORONG MAK MANDIN 5/5	RM 520,000	RM 372.00	1,399 sqft	May 2023	Terraced Factory