Plaza Ivory

Block 2B, Plaza Ivory, Halaman Bukit Gambir, Sunway Bukit Gambier, 11700 Gelugor, Pulau Pinang, Malaysia

Property Transactions

4 subsales grouped by size · Shop →

Median
RM 590,000
PSF
RM 550
Price Size
Period
transactions middle 50% (P25–P75)
700 sqft
Shop
RM 350,000
Level 3
721 sqft · RM 485 PSF
RM 430,000
Level 3
710 sqft · RM 605 PSF
1,500 sqft
Office
RM 750,000
Level 2
1,518 sqft · RM 494 PSF
1,600 sqft
Shop
RM 1,760,000
Level 1
1,604 sqft · RM 1,097 PSF
Legend Recent Highest Price Highest PSF

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Universiti Place- Plaza Ivory
© OpenStreetMap · CARTO

Block 2B, Plaza Ivory, Halaman Bukit Gambir, Sunway Bukit Gambier, 11700 Gelugor, Pulau Pinang, Malaysia

Maps

Plaza Ivory in Timur Laut, Penang recorded 4 subsale transactions in 2023, with a median price of RM 590K and a median price per square foot (PSF) of RM 550.

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 590K, with most transactions falling within a stable range of RM 350K to RM 1.15 million, and a typical market range of RM 355K to RM 825K.

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

Price per square foot shows a median of RM 550, though individual units vary from RM 299 to RM 801 in the core range. The broader market spans RM 384.97 to RM 714.47, indicating diverse property characteristics. A wider spread (IQR: RM 329.50) and deviation (MAD: RM 251) 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.