PLAZA SRI PERAK in Timur Laut, Penang recorded 1 subsale transactions in 2021, with a median price of RM 430K and a median price per square foot (PSF) of RM 312.
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 430K, with most transactions falling within a stable range of RM 310K to RM 550K, and a typical market range of RM 318K to RM 543K.
Most transactions involved office lot, with minimal variety in property types.
Price per square foot shows a median of RM 312, though individual units vary from RM 235 to RM 389 in the core range. The broader market spans RM 240.88 to RM 383.13, indicating diverse property characteristics. The spread of RM 142.25 (IQR) and deviation of RM 77 (MAD) suggest moderate price variations reflecting different property features.
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.
