Penang, Seberang Perai Utara, Butterworth

WISMA PANTAI

Area Intelligence

2024

Median Price

RM 230,000

PSF: RM 184

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Commercial PSF Trends

Median Price

RM 230,000

RM 184 PSF

WISMA PANTAI in Seberang Perai Utara, Penang recorded 2 subsale transactions in 2024, with a median price of RM 230K and a median price per square foot (PSF) of RM 184.

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 230K, with most transactions falling within a stable range of RM 210K to RM 250K, and a typical market range of RM 210K to RM 250K.

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

Price per square foot shows a median of RM 184, though individual units vary from RM 135 to RM 232 in the core range. The broader market spans RM 155.25 to RM 211.75, indicating diverse property characteristics. A wider spread (IQR: RM 56.50) and deviation (MAD: RM 49) indicate significant PSF variations, likely due to diverse property types or conditions.

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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WISMA PANTAI, Seberang Perai Utara, Penang

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