SIRAM INDUSTRIAL PARK

Area Intelligence

2023

Median Price

RM 2,250,000

PSF: RM 389

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Commercial PSF Trends

Median Price

RM 2,250,000

RM 389 PSF

SIRAM INDUSTRIAL PARK in Seberang Perai Utara, Penang recorded 1 subsale transactions in 2023, with a median price of RM 2.25 million and a median price per square foot (PSF) of RM 389.

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

Price remained flat, and PSF growth was PSF remained flat.

Most transactions involved semi-detached factory/warehouse, though some variety exists in the market.

For price per square foot, the median is RM 389, with most transactions between RM 389 and RM 389. The usual range is RM 319.50 to RM 458.50, showing that most units are priced quite close to each other. With an IQR of RM 139.00 and MAD of RM 0, the PSF demonstrates reasonable consistency across the market.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.

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SIRAM INDUSTRIAL PARK, Seberang Perai Utara, Penang

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