Penang
Timur Laut
Georgetown
PLAZA SRI PERAK

PLAZA SRI PERAK

Area Intelligence

2023

Median Price

RM 535,000

PSF: RM 401

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Commercial PSF Trends

Median Price

RM 535,000

RM 401 PSF

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 535K to RM 545K, and a typical market range of RM 535K to RM 560K.

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

For price per square foot, the median is RM 401, with most transactions between RM 393 and RM 409. The usual range is RM 329.88 to RM 472.13, showing that most units are priced quite close to each other. With an IQR of RM 142.25 and MAD of RM 8, the PSF demonstrates reasonable consistency across the market.

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

5 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

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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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Road	Price	Land PSF	Land	Date	Type

1,350 sqft

Office Lot

1,350 sqft

Office Lot

RM 560,000

Level 1

1,335 sqft · RM 420 PSF

Sep 2023

RM 535,000

Level 2

1,335 sqft · RM 401 PSF

Sep 2023

RM 535,000

Level 3

1,335 sqft · RM 401 PSF

Sep 2023

RM 535,000

Level 4

1,335 sqft · RM 401 PSF

Sep 2023

RM 535,000

Level 5

1,335 sqft · RM 401 PSF

Sep 2023

Level 1	RM 560,000	RM 420	1,335 sqft	Sep 2023
Level 2	RM 535,000	RM 401	1,335 sqft	Sep 2023
Level 3	RM 535,000	RM 401	1,335 sqft	Sep 2023
Level 4	RM 535,000	RM 401	1,335 sqft	Sep 2023
Level 5	RM 535,000	RM 401	1,335 sqft	Sep 2023