Penang
Timur Laut
Georgetown
PLAZA SRI PERAK

PLAZA SRI PERAK

Area Intelligence

2022

Median Price

RM 770,000

PSF: RM 551

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Commercial PSF Trends

Median Price

RM 770,000

RM 551 PSF

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 1.04 million, and a typical market range of RM 750K to RM 883K.

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

Price per square foot shows a median of RM 551, though individual units vary from RM 325 to RM 776 in the core range. The broader market spans RM 479.38 to RM 621.63, indicating diverse property characteristics. A wider spread (IQR: RM 142.25) and deviation (MAD: RM 226) indicate significant PSF variations, likely due to diverse property types or conditions.

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.

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PLAZA SRI PERAK, Timur Laut, Penang

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Transactions

6 transactions grouped by size

Popular Ranges

Under RM 300k RM 300k - 500k RM 500k - 750k RM 750k - 1M RM 1M - 2M RM 2M+

Custom Range

Min Price (RM)

Max Price (RM)

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Size Range (sqft)

Popular Ranges

Under 1,000 sqft 1,000 - 2,000 sqft 2,000 - 3,000 sqft 3,000 - 5,000 sqft 5,000 - 10,000 sqft 10,000+ sqft

Custom Range

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Max Size (sqft)

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Road	Price	Land PSF	Land	Date	Type

1,300 sqft

Office Lot

1,300 sqft

Office Lot

RM 1,500,000

Level 1

1,302 sqft · RM 1,152 PSF

Oct 2022

Level 1

RM 1,500,000

RM 1,152

1,302 sqft

Oct 2022

1,400 sqft

Office Lot

1,400 sqft

Office Lot

RM 790,000

Level 2

1,399 sqft · RM 565 PSF

Oct 2022

RM 750,000

Level 3

1,399 sqft · RM 536 PSF

Oct 2022

RM 790,000

Level 3

1,399 sqft · RM 565 PSF

Oct 2022

RM 750,000

Level 4

1,399 sqft · RM 536 PSF

Oct 2022

RM 750,000

Level 5

1,399 sqft · RM 536 PSF

Oct 2022

Level 2	RM 790,000	RM 565	1,399 sqft	Oct 2022
Level 3	RM 750,000	RM 536	1,399 sqft	Oct 2022
Level 3	RM 790,000	RM 565	1,399 sqft	Oct 2022
Level 4	RM 750,000	RM 536	1,399 sqft	Oct 2022
Level 5	RM 750,000	RM 536	1,399 sqft	Oct 2022