SRI RELAU COMPLEX

Area Intelligence
2024
Median Price
RM 255,000
PSF: RM 227

Commercial PSF Trends

Median Price

RM 255,000

RM 227 PSF

SRI RELAU COMPLEX in Timur Laut, Penang recorded 4 subsale transactions in 2024, with a median price of RM 255K and a median price per square foot (PSF) of RM 227.

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 255K, with most transactions falling within a stable range of RM 204K to RM 306K, and a typical market range of RM 226K to RM 285K.

Most transactions involved shop unit/retail lot, though some variety exists in the market.

Price per square foot shows a median of RM 227, though individual units vary from RM 161 to RM 293 in the core range. The broader market spans RM 206.50 to RM 247.50, indicating diverse property characteristics. A wider spread (IQR: RM 41.00) and deviation (MAD: RM 66) 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. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.

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SRI RELAU COMPLEX, Timur Laut, Penang

OSM

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Transactions

4 transactions grouped by size

900 sqft
Shop/Retail Lot
RM 200,000
Level 4
915 sqft · RM 219 PSF
RM 215,000
Level 4
915 sqft · RM 235 PSF
950 sqft
Shop/Retail Lot
RM 320,000
Level 2
936 sqft · RM 342 PSF
1,850 sqft
Office Lot
RM 295,000
Level 4
1,841 sqft · RM 160 PSF

No Properties For Sale

There are currently no properties listed for sale in this area.

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