Wisma Central
No. 12, Lrg Kinta, 10400 George Town, Pulau Pinang, Malaysia
No. 12, Lrg Kinta, 10400 George Town, Pulau Pinang, Malaysia
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Market Snapshot
CommercialRM 253,500
RM 418 psfMedian transaction price
No. 12, Lrg Kinta, 10400 George Town, Pulau Pinang, Malaysia
MapsWisma Central in Timur Laut, Penang recorded 2 subsale transactions between 2021 and 2026, sized between 575 and 624 sqft, with a median price of RM 254K and a median price per square foot (PSF) of RM 418.
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 254K, with most transactions falling within a stable range of RM 252K to RM 255K, and a typical market range of RM 252K to RM 255K.
Most transactions involved office lot, though some variety exists in the market.
For price per square foot, the median is RM 418, with most transactions between RM 417 and RM 419. The usual range is RM 392.43 to RM 443.43, showing that most units are priced quite close to each other. With an IQR of RM 51.00 and MAD of RM 1, 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.