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
|
|---|---|---|---|---|---|
| 2023 | |||||
|
Level 2
|
RM 134,000
|
RM 415
|
323 sqft
|
|
Office |
|
Level 1
|
RM 194,000
|
RM 641
|
302 sqft
|
|
Shop |
|
Level 2
|
RM 131,000
|
RM 466
|
281 sqft
|
|
Office |
|
Level 2
|
RM 139,000
|
RM 466
|
298 sqft
|
|
Office |
|
Level 3
|
RM 125,000
|
RM 419
|
298 sqft
|
|
Office |
|
Level 3
|
RM 134,000
|
RM 419
|
320 sqft
|
|
Office |
|
Level 3
|
RM 117,000
|
RM 416
|
281 sqft
|
|
Shop |
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Market Snapshot
CommercialRM 134,000
RM 419 psfMedian transaction price
No. 12, Lrg Kinta, 10400 George Town, Pulau Pinang, Malaysia
MapsWisma Central in Timur Laut, Penang recorded 7 subsale transactions between 2021 and 2026, sized between 275 and 324 sqft, with a median price of RM 134K and a median price per square foot (PSF) of RM 419.
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 134K, with most transactions falling within a stable range of RM 117K to RM 157K, and a typical market range of RM 117K to RM 186K.
Most transactions involved office lot, though some variety exists in the market.
The median PSF stands at RM 419, with core pricing between RM 344 and RM 495. Market pricing typically extends from RM 393.74 to RM 444.74, reflecting moderate variation in unit pricing. The spread of RM 51.00 (IQR) and deviation of RM 76 (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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.