UNIVERSITI PLACE- PLAZA IVORY

UNIVERSITI PLACE- PLAZA IVORY in Timur Laut, Penang recorded 2 subsale transactions in 2024, with a median price of RM 480K and a median price per square foot (PSF) of RM 1,007.

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 480K, with most transactions falling within a stable range of RM 210K to RM 750K, and a typical market range of RM 245K to RM 715K.

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

Price per square foot shows a median of RM 1,007, though individual units vary from RM 591 to RM 1,422 in the core range. The broader market spans RM 841.75 to RM 1,171.25, indicating diverse property characteristics. A wider spread (IQR: RM 329.50) and deviation (MAD: RM 416) indicate significant PSF variations, likely due to diverse property types or conditions.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.