WISMA 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 950K to RM 131K, and a typical market range of RM 950K 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 0 to RM 1,013 in the core range. The broader market spans RM 394.50 to RM 445.50, indicating diverse property characteristics. A wider spread (IQR: RM 51.00) and deviation (MAD: RM 593) 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.
