SOON CORPORATION in Seberang Perai Utara, Penang recorded 2 subsale transactions in 2021, with a median price of RM 1.08 million and a median price per square foot (PSF) of RM 283.
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 1.08 million, with most transactions falling within a stable range of RM 845K to RM 1.31 million, and a typical market range of RM 905K to RM 1.25 million.
Most transactions involved terraced factory/warehouse, with minimal variety in property types.
For price per square foot, the median is RM 283, with most transactions between RM 272 and RM 294. The usual range is RM 273.75 to RM 291.25, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 17.50 and an average deviation (MAD) of RM 11 indicate a highly stable PSF trend across properties.
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.
