PLAZA SRI PERAK

PLAZA SRI PERAK in Timur Laut, Penang recorded 12 Office Lot properties subsale transactions between 2021 and 2025 for office lot properties, with a median price of RM 655K and a median price per square foot (PSF) of RM 478.

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 655K, with most transactions falling within a stable range of RM 430K to RM 923K, and a typical market range of RM 543K to RM 768K.

Within the Office Lot category, office lot dominated the market, with minimal variety in property types.

Price per square foot shows a median of RM 478, though individual units vary from RM 271 to RM 685 in the core range. The broader market spans RM 406.88 to RM 549.13, indicating diverse property characteristics. A wider spread (IQR: RM 142.25) and deviation (MAD: RM 207) 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.