PLAZA SRI PERAK

PLAZA SRI PERAK in Timur Laut, Penang recorded 5 subsale transactions in 2023, with a median price of RM 535K and a median price per square foot (PSF) of RM 401.

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 535K, with most transactions falling within a stable range of RM 415K to RM 655K, and a typical market range of RM 423K to RM 648K.

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

The median PSF stands at RM 401, with core pricing between RM 324 and RM 478. Market pricing typically extends from RM 329.88 to RM 472.13, reflecting moderate variation in unit pricing. 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.