WISMA CENTRAL

WISMA CENTRAL in Timur Laut, Penang recorded 38 subsale transactions in 2023, with a median price of RM 107K and a median price per square foot (PSF) of RM 465.

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 107K, with most transactions falling within a stable range of RM 75K to RM 139K, and a typical market range of RM 55K to RM 159K.

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

For price per square foot, the median is RM 465, with most transactions between RM 420 and RM 510. The usual range is RM 439.50 to RM 490.50, showing that most units are priced quite close to each other. 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. Moderate transaction volume may require patience when buying or selling.