INDUSTRI RINGAN DRB (IMATEX) in Seberang Perai Utara, Penang recorded 1 subsale transactions in 2024, with a median price of RM 850K 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 850K, with most transactions falling within a stable range of RM 565K to RM 1.14 million, and a typical market range of RM 583K to RM 1.12 million.
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 372 and RM 384. 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 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. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.
