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 650K to RM 890K, and a typical market range of RM 658K to RM 883K.

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

The median PSF stands at RM 551, with core pricing between RM 474 and RM 628. Market pricing typically extends from RM 479.38 to RM 621.63, reflecting moderate variation in unit pricing. With an IQR of RM 142.25 and MAD of RM 77, 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.