WISMA CENTRAL

WISMA CENTRAL in Timur Laut, Penang recorded 2 subsale transactions in 2022, with a median price of RM 88K and a median price per square foot (PSF) of RM 427.

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 88K, with most transactions falling within a stable range of RM 56K to RM 120K, and a typical market range of RM 36K to RM 140K.

Most transactions involved office lot, though some variety exists in the market.

The median PSF stands at RM 427, with core pricing between RM 382 and RM 472. Market pricing typically extends from RM 401.00 to RM 452.00, reflecting moderate variation in unit pricing. With an IQR of RM 51.00 and MAD of RM 45, 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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.