INDUSTRI RINGAN DRB (IMATEX) in Seberang Perai Utara, Penang recorded 3 subsale transactions in 2023, with a median price of RM 565K and a median price per square foot (PSF) of RM 372.
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 280K to RM 850K, and a typical market range of RM 298K to RM 833K.
Most transactions involved terraced factory/warehouse, with minimal variety in property types.
For price per square foot, the median is RM 372, with most transactions between RM 366 and RM 378. The usual range is RM 367.00 to RM 377.00, 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 6 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.
