PLAZA SRI PERAK

PLAZA SRI PERAK in Timur Laut, Penang recorded 6 subsale transactions in 2022, with a median price of RM 770K and a median price per square foot (PSF) of RM 551.

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 770K, with most transactions falling within a stable range of RM 750K to RM 790K, and a typical market range of RM 750K to RM 790K.

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

For price per square foot, the median is RM 551, with most transactions between RM 536 and RM 565. The usual range is RM 479.38 to RM 621.63, showing that most units are priced quite close to each other. With an IQR of RM 142.25 and MAD of RM 14, the PSF demonstrates reasonable consistency across the market.

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.