Penang
Timur Laut
Jelutong
WISMA SRI MATA

WISMA SRI MATA

Area Intelligence

2023

Median Price

RM 725,000

PSF: RM 437

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Commercial PSF Trends

Median Price

RM 725,000

RM 437 PSF

WISMA SRI MATA in Timur Laut, Penang recorded 2 subsale transactions in 2023, with a median price of RM 725K and a median price per square foot (PSF) of RM 437.

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 725K, with most transactions falling within a stable range of RM 240K to RM 1.21 million, and a typical market range of RM 596K to RM 854K.

Most transactions involved office lot, with minimal variety in property types.

Price per square foot shows a median of RM 437, though individual units vary from RM 245 to RM 628 in the core range. The broader market spans RM 383.75 to RM 489.25, indicating diverse property characteristics. A wider spread (IQR: RM 105.50) and deviation (MAD: RM 192) 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. Limited transaction history suggests carefully evaluating comparable sales data.

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WISMA SRI MATA, Timur Laut, Penang

OSM