Wisma Central
No. 12, Lrg Kinta, 10400 George Town, Pulau Pinang, Malaysia
No. 12, Lrg Kinta, 10400 George Town, Pulau Pinang, Malaysia
|
Road
|
Price
|
PSF
|
Size
|
Date
|
Type
|
|---|---|---|---|---|---|
| 2024 | |||||
|
Level 3
|
RM 85,000
|
RM 374
|
227 sqft
|
|
Shop |
| 2023 | |||||
|
Level 2
|
RM 106,000
|
RM 467
|
227 sqft
|
|
Office |
|
Level 2
|
RM 107,000
|
RM 465
|
230 sqft
|
|
Office |
|
Level 1
|
RM 219,000
|
RM 837
|
262 sqft
|
|
Office |
|
Level 3
|
RM 113,000
|
RM 420
|
269 sqft
|
|
Office |
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Market Snapshot
CommercialRM 107,000
RM 465 psfMedian transaction price
No. 12, Lrg Kinta, 10400 George Town, Pulau Pinang, Malaysia
MapsWisma Central in Timur Laut, Penang recorded 5 subsale transactions between 2021 and 2026, sized between 225 and 274 sqft, with a median price of RM 107K and a median price per square foot (PSF) of RM 465.
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 107K, with most transactions falling within a stable range of RM 85K to RM 154K, and a typical market range of RM 85K to RM 159K.
Most transactions involved office lot, though some variety exists in the market.
Price per square foot shows a median of RM 465, though individual units vary from RM 299 to RM 630 in the core range. The broader market spans RM 439.01 to RM 490.01, indicating diverse property characteristics. A wider spread (IQR: RM 51.00) and deviation (MAD: RM 166) 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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.