|
Road
|
Price
|
PSF
|
Size
|
Date
|
Type
|
|---|---|---|---|---|---|
| 2024 | |||||
|
Level 1
|
RM 395,000
|
RM 343
|
1,152 sqft
|
|
Shop |
|
Level G
|
RM 395,000
|
RM 343
|
1,152 sqft
|
|
Shop |
| 2022 | |||||
|
Level 3
|
RM 390,000
|
RM 339
|
1,152 sqft
|
|
Shop |
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Market Snapshot
CommercialRM 395,000
RM 343 psfMedian transaction price
Lorong Perak, Jelutong, 10150 Jelutong, Pulau Pinang, Malaysia
MapsKompleks Sri Wonder in Timur Laut, Penang recorded 3 subsale transactions between 2021 and 2026, sized between 1,125 and 1,174 sqft, with a median price of RM 395K and a median price per square foot (PSF) of RM 343.
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 395K, with most transactions falling within a stable range of RM 393K to RM 395K, and a typical market range of RM 390K to RM 395K.
Most transactions involved shop unit/retail lot, with minimal variety in property types.
For price per square foot, the median is RM 343, with most transactions between RM 341 and RM 345. The usual range is RM 322.71 to RM 363.21, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 40.50 and an average deviation (MAD) of RM 2 indicate a highly stable PSF trend across properties.
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.