Penang, Seberang Perai Utara, Butterworth

SOON CORPORATION

Area Intelligence

2021

Median Price

RM 1,075,000

PSF: RM 283

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Commercial PSF Trends

Median Price

RM 1,075,000

RM 283 PSF

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 800K to RM 1.35 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.

The median PSF stands at RM 283, with core pricing between RM 252 and RM 313. Market pricing typically extends from RM 273.75 to RM 291.25, reflecting moderate variation in unit pricing. With an IQR of RM 17.50 and MAD of RM 31, the PSF demonstrates reasonable consistency across the market.

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.

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SOON CORPORATION, Seberang Perai Utara, Penang

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