Area Intelligence

VERVEA

31 properties

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Median Price

RM 1,600,000

PSF: RM 1,326

Commercial Market

Median Price

RM 1,600,000

IQR: RM 494

MAD: RM 250

RM 1,326 PSF 22.1%

PSF Trends (2021-2025)

PROPERTY TYPES OVERVIEW

3-Storey Storey Shop

23 properties

Median Price

RM 1,520,000

+8.3% CAGR

Median PSF

RM 1,291.00

+22.7% CAGR

4-Storey Storey Shop

7 properties

Median Price

RM 2,280,000

+11.0% CAGR

Median PSF

RM 1,576.00

-1.1% CAGR

Shop/Retail Lot

1 properties

Median Price

RM 1,210,000

Median PSF

RM 335.00

Property Type	Properties	Median Price	Price CAGR	Median PSF	PSF CAGR
3-Storey Storey Shop	23	RM 1,520,000 ±110K MAD	+8.32%	RM 1,291.00 ±195 MAD	+22.68%
4-Storey Storey Shop	7	RM 2,280,000 ±420K MAD	+11.02%	RM 1,576.00 ±33 MAD	-1.05%
Shop/Retail Lot	1	RM 1,210,000	-	RM 335.00	-

VERVEA in Seberang Perai Selatan, Penang recorded 31 subsale transactions between 2021 and 2025, with a median price of RM 1.60 million and a median price per square foot (PSF) of RM 1,326.

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 1.60 million, with most transactions falling within a stable range of RM 1.35 million to RM 1.85 million, and a typical market range of RM 1.34 million to RM 1.86 million.

Most transactions involved 3 - 3 1/2 storey shop, though some variety exists in the market.

The median PSF stands at RM 1,326, with core pricing between RM 1,076 and RM 1,576. Market pricing typically extends from RM 1,079.00 to RM 1,573.00, reflecting moderate variation in unit pricing. The spread of RM 494.00 (IQR) and deviation of RM 250 (MAD) suggest moderate price variations reflecting different property features.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Moderate transaction volume may require patience when buying or selling.

Area Location

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VERVEA, Seberang Perai Selatan, Penang

OSM

Filter by type, year, price, and size

Property Type

All Types 3-Storey Storey Shop 4-Storey Storey Shop Shop/Retail Lot

Year

All Years 2025 2024 2023 2022 2021

Min Price

Max Price

Min Size (sqft)

Max Size (sqft)

Transactions

31 properties found

View:

Grouped Individual

Shop/Retail Lot

RM 1,210,000

3,608 sqft Feb 2025

RM 335.00 PSF

4-Storey Storey Shop JALAN VERVEA 11

RM 2,280,000

1,478 sqft Jun 2024

RM 1,543.00 PSF

3-Storey Storey Shop JALAN VERVEA 9

RM 1,830,000

1,154 sqft Jan 2024

RM 1,586.00 PSF

3-Storey Storey Shop JALAN VERVEA 2

RM 1,580,000

1,334 sqft Dec 2023

RM 1,184.00 PSF

4-Storey Storey Shop JALAN VERVEA 9

RM 2,000,000

1,154 sqft Dec 2023

RM 1,733.00 PSF

3-Storey Storey Shop JALAN VERVEA 9

RM 1,950,000

1,154 sqft Nov 2023

RM 1,690.00 PSF

4-Storey Storey Shop JALAN VERVEA 9

RM 2,700,000

1,501 sqft Nov 2023

RM 1,799.00 PSF

3-Storey Storey Shop JALAN VERVEA 3

RM 1,250,000

1,154 sqft Aug 2023

RM 1,083.00 PSF

4-Storey Storey Shop JALAN VERVEA 3

RM 3,705,000

1,478 sqft Aug 2023

RM 2,507.00 PSF

3-Storey Storey Shop JALAN VERVEA 9

RM 1,230,000

1,154 sqft Jun 2023

RM 1,066.00 PSF

3-Storey Storey Shop JALAN VERVEA 9

RM 1,850,000

1,154 sqft May 2023

RM 1,603.00 PSF

3-Storey Storey Shop JALAN VERVEA 9

RM 1,850,000

1,154 sqft May 2023

RM 1,603.00 PSF

3-Storey Storey Shop JALAN VERVEA 9

RM 1,600,000

1,154 sqft Mar 2023

RM 1,386.00 PSF

3-Storey Storey Shop JALAN VERVEA 9

RM 1,350,000

1,154 sqft Nov 2022

RM 1,170.00 PSF

3-Storey Storey Shop JALAN VERVEA 3

RM 1,280,000

1,154 sqft Oct 2022

RM 1,109.00 PSF

4-Storey Storey Shop JALAN VERVEA 3

RM 2,330,000

1,478 sqft Oct 2022

RM 1,576.00 PSF

3-Storey Storey Shop JALAN VERVEA 3

RM 1,380,000

1,154 sqft Sep 2022

RM 1,196.00 PSF

3-Storey Storey Shop JALAN VERVEA 9

RM 1,530,000

1,154 sqft Aug 2022

RM 1,326.00 PSF

3-Storey Storey Shop JALAN VERVEA 11

RM 1,250,000

1,154 sqft Aug 2022

RM 1,083.00 PSF

3-Storey Storey Shop JALAN VERVEA 13

RM 1,780,000

1,334 sqft Aug 2022

RM 1,334.00 PSF

4-Storey Storey Shop JALAN VERVEA 3

RM 1,800,000

12,422 sqft Aug 2022

RM 145.00 PSF

3-Storey Storey Shop JALAN VERVEA 7

RM 1,240,000

3,300 sqft Jul 2022

RM 376.00 PSF

3-Storey Storey Shop JALAN VERVEA 3

RM 1,350,000

1,154 sqft Jul 2022

RM 1,170.00 PSF

3-Storey Storey Shop JALAN VERVEA 11

RM 1,280,000

1,154 sqft Jun 2022

RM 1,109.00 PSF

3-Storey Storey Shop JALAN VERVEA 10

RM 1,400,000

1,154 sqft May 2022

RM 1,213.00 PSF

4-Storey Storey Shop JALAN VERVEA 10

RM 1,850,000

1,154 sqft Apr 2022

RM 1,603.00 PSF

3-Storey Storey Shop JALAN VERVEA 9

RM 1,600,000

1,154 sqft Mar 2022

RM 1,386.00 PSF

3-Storey Storey Shop JALAN VERVEA 9

RM 1,900,000

1,154 sqft Mar 2022

RM 1,646.00 PSF

3-Storey Storey Shop JALAN VERVEA 9

RM 1,900,000

1,154 sqft Feb 2022

RM 1,646.00 PSF

3-Storey Storey Shop JALAN VERVEA 9

RM 1,500,000

1,154 sqft Dec 2021

RM 1,300.00 PSF

3-Storey Storey Shop JALAN VERVEA 7

RM 1,380,000

3,300 sqft Aug 2021

RM 418.00 PSF

Type	Road	Price	PSF	Area	Date
Shop/Retail Lot		RM 1,210,000	RM 335.00	3,608 sqft	Feb 2025
4-Storey Storey Shop	JALAN VERVEA 11	RM 2,280,000	RM 1,543.00	1,478 sqft	Jun 2024
3-Storey Storey Shop	JALAN VERVEA 9	RM 1,830,000	RM 1,586.00	1,154 sqft	Jan 2024
3-Storey Storey Shop	JALAN VERVEA 2	RM 1,580,000	RM 1,184.00	1,334 sqft	Dec 2023
4-Storey Storey Shop	JALAN VERVEA 9	RM 2,000,000	RM 1,733.00	1,154 sqft	Dec 2023
3-Storey Storey Shop	JALAN VERVEA 9	RM 1,950,000	RM 1,690.00	1,154 sqft	Nov 2023
4-Storey Storey Shop	JALAN VERVEA 9	RM 2,700,000	RM 1,799.00	1,501 sqft	Nov 2023
3-Storey Storey Shop	JALAN VERVEA 3	RM 1,250,000	RM 1,083.00	1,154 sqft	Aug 2023
4-Storey Storey Shop	JALAN VERVEA 3	RM 3,705,000	RM 2,507.00	1,478 sqft	Aug 2023
3-Storey Storey Shop	JALAN VERVEA 9	RM 1,230,000	RM 1,066.00	1,154 sqft	Jun 2023
3-Storey Storey Shop	JALAN VERVEA 9	RM 1,850,000	RM 1,603.00	1,154 sqft	May 2023
3-Storey Storey Shop	JALAN VERVEA 9	RM 1,850,000	RM 1,603.00	1,154 sqft	May 2023
3-Storey Storey Shop	JALAN VERVEA 9	RM 1,600,000	RM 1,386.00	1,154 sqft	Mar 2023
3-Storey Storey Shop	JALAN VERVEA 9	RM 1,350,000	RM 1,170.00	1,154 sqft	Nov 2022
3-Storey Storey Shop	JALAN VERVEA 3	RM 1,280,000	RM 1,109.00	1,154 sqft	Oct 2022
4-Storey Storey Shop	JALAN VERVEA 3	RM 2,330,000	RM 1,576.00	1,478 sqft	Oct 2022
3-Storey Storey Shop	JALAN VERVEA 3	RM 1,380,000	RM 1,196.00	1,154 sqft	Sep 2022
3-Storey Storey Shop	JALAN VERVEA 9	RM 1,530,000	RM 1,326.00	1,154 sqft	Aug 2022
3-Storey Storey Shop	JALAN VERVEA 11	RM 1,250,000	RM 1,083.00	1,154 sqft	Aug 2022
3-Storey Storey Shop	JALAN VERVEA 13	RM 1,780,000	RM 1,334.00	1,334 sqft	Aug 2022
4-Storey Storey Shop	JALAN VERVEA 3	RM 1,800,000	RM 145.00	12,422 sqft	Aug 2022
3-Storey Storey Shop	JALAN VERVEA 7	RM 1,240,000	RM 376.00	3,300 sqft	Jul 2022
3-Storey Storey Shop	JALAN VERVEA 3	RM 1,350,000	RM 1,170.00	1,154 sqft	Jul 2022
3-Storey Storey Shop	JALAN VERVEA 11	RM 1,280,000	RM 1,109.00	1,154 sqft	Jun 2022
3-Storey Storey Shop	JALAN VERVEA 10	RM 1,400,000	RM 1,213.00	1,154 sqft	May 2022
4-Storey Storey Shop	JALAN VERVEA 10	RM 1,850,000	RM 1,603.00	1,154 sqft	Apr 2022
3-Storey Storey Shop	JALAN VERVEA 9	RM 1,600,000	RM 1,386.00	1,154 sqft	Mar 2022
3-Storey Storey Shop	JALAN VERVEA 9	RM 1,900,000	RM 1,646.00	1,154 sqft	Mar 2022
3-Storey Storey Shop	JALAN VERVEA 9	RM 1,900,000	RM 1,646.00	1,154 sqft	Feb 2022
3-Storey Storey Shop	JALAN VERVEA 9	RM 1,500,000	RM 1,300.00	1,154 sqft	Dec 2021
3-Storey Storey Shop	JALAN VERVEA 7	RM 1,380,000	RM 418.00	3,300 sqft	Aug 2021