WISMA CENTRAL

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 85K to RM 149K, and a typical market range of RM 65K to RM 169K.

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

The median PSF stands at RM 420, with core pricing between RM 375 and RM 465. Market pricing typically extends from RM 394.50 to RM 445.50, 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. Moderate transaction volume may require patience when buying or selling.