Penang, Seberang Perai Utara, Butterworth

WISMA PANTAI

Area Intelligence

2022

Median Price

RM 190,000

PSF: RM 177

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Commercial PSF Trends

Median Price

RM 190,000

RM 177 PSF

WISMA PANTAI in Seberang Perai Utara, Penang recorded 1 subsale transactions in 2022, with a median price of RM 190K and a median price per square foot (PSF) of RM 177.

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 190K, with most transactions falling within a stable range of RM 160K to RM 220K, and a typical market range of RM 149K to RM 231K.

Most transactions involved office lot, with minimal variety in property types.

The median PSF stands at RM 177, with core pricing between RM 150 and RM 205. Market pricing typically extends from RM 148.75 to RM 205.25, reflecting moderate variation in unit pricing. The spread of RM 56.50 (IQR) and deviation of RM 28 (MAD) suggest moderate price variations reflecting different property features.

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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WISMA PANTAI, Seberang Perai Utara, Penang

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