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 1
|
RM 194,000
|
RM 641
|
302 sqft
|
|
Shop |
|
Level 2
|
RM 134,000
|
RM 415
|
323 sqft
|
|
Office |
|
Level 3
|
RM 134,000
|
RM 419
|
320 sqft
|
|
Office |
|
Level 3
|
RM 125,000
|
RM 419
|
298 sqft
|
|
Office |
|
Level 3
|
RM 154,000
|
RM 418
|
368 sqft
|
|
Office |
|
Level 1
|
RM 311,000
|
RM 835
|
372 sqft
|
|
Office |
|
Level 2
|
RM 201,000
|
RM 466
|
432 sqft
|
|
Office |
|
Level 3
|
RM 180,000
|
RM 417
|
432 sqft
|
|
Office |
|
Level 3
|
RM 252,000
|
RM 417
|
604 sqft
|
|
Office |
|
Level 3
|
RM 255,000
|
RM 419
|
609 sqft
|
|
Office |
|
Level 1
|
RM 980,000
|
RM 1,493
|
657 sqft
|
|
Office |
|
Level 9
|
RM 284,000
|
RM 235
|
1,208 sqft
|
|
Office |
|
Level 9
|
RM 317,000
|
RM 235
|
1,349 sqft
|
|
Office |
|
Level 9
|
RM 349,000
|
RM 234
|
1,489 sqft
|
|
Office |
|
Level 8
|
RM 950,000
|
RM 235
|
4,045 sqft
|
|
Office |
|
Level 10
|
RM 950,000
|
RM 235
|
4,045 sqft
|
|
Office |
|
Level 2
|
RM 67,000
|
RM 465
|
144 sqft
|
|
Shop |
|
Level 3
|
RM 61,000
|
RM 417
|
146 sqft
|
|
Shop |
|
Level 3
|
RM 68,000
|
RM 416
|
164 sqft
|
|
Shop |
|
Level 1
|
RM 138,000
|
RM 838
|
165 sqft
|
|
Shop |
|
Level 3
|
RM 80,000
|
RM 420
|
191 sqft
|
|
Shop |
|
Level 3
|
RM 117,000
|
RM 416
|
281 sqft
|
|
Shop |
|
Level 2
|
RM 92,000
|
RM 467
|
197 sqft
|
|
Office |
|
Level 3
|
RM 60,000
|
RM 416
|
144 sqft
|
|
Office |
|
Level 2
|
RM 68,000
|
RM 465
|
146 sqft
|
|
Office |
|
Level 3
|
RM 65,000
|
RM 419
|
155 sqft
|
|
Office |
|
Level 2
|
RM 76,000
|
RM 484
|
157 sqft
|
|
Office |
|
Level 3
|
RM 66,000
|
RM 420
|
157 sqft
|
|
Office |
|
Level 2
|
RM 81,000
|
RM 495
|
164 sqft
|
|
Office |
|
Level 2
|
RM 81,000
|
RM 467
|
173 sqft
|
|
Office |
|
Level 1
|
RM 157,000
|
RM 838
|
187 sqft
|
|
Office |
|
Level 2
|
RM 87,000
|
RM 465
|
187 sqft
|
|
Office |
|
Level 3
|
RM 78,000
|
RM 416
|
187 sqft
|
|
Office |
|
Level 2
|
RM 66,000
|
RM 468
|
141 sqft
|
|
Office |
|
Level 3
|
RM 89,000
|
RM 418
|
213 sqft
|
|
Office |
|
Level 2
|
RM 103,000
|
RM 467
|
221 sqft
|
|
Office |
|
Level 3
|
RM 92,000
|
RM 417
|
221 sqft
|
|
Office |
|
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 |
|
Level 2
|
RM 131,000
|
RM 466
|
281 sqft
|
|
Office |
|
Level 2
|
RM 139,000
|
RM 466
|
298 sqft
|
|
Office |
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Market Snapshot
CommercialRM 117,000
RM 420 psfMedian transaction price
No. 12, Lrg Kinta, 10400 George Town, Pulau Pinang, Malaysia
MapsWisma Central in Timur Laut, Penang recorded 43 subsale transactions in 2023, with a median price of RM 117K and a median price per square foot (PSF) of RM 420.
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 117K, with most transactions falling within a stable range of RM 60K to RM 340K, and a typical market range of RM 65K to RM 169K.
Most transactions involved office lot, though some variety exists in the market.
Price per square foot shows a median of RM 420, though individual units vary from RM 208 to RM 632 in the core range. The broader market spans RM 394.42 to RM 445.42, indicating diverse property characteristics. A wider spread (IQR: RM 51.00) and deviation (MAD: RM 212) 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. Moderate transaction volume may require patience when buying or selling.