VERVEA
Commercial Market
Median Price
RM 1,210,000
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 1 subsale transactions in 2025, with a median price of RM 1.21 million and a median price per square foot (PSF) of RM 335.
This area consists exclusively of commercial properties, with no residential listings recorded.
Price remained flat, and PSF growth was PSF remained flat.
Most transactions involved 3 - 3 1/2 storey shop, though some variety exists in the market.
For price per square foot, the median is RM 335, with most transactions between RM 335 and RM 335. The usual range is RM 88.00 to RM 582.00, showing that most units are priced quite close to each other. With an IQR of RM 494.00 and MAD of RM 0, the PSF demonstrates reasonable consistency across the market.
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. Limited transaction history suggests carefully evaluating comparable sales data.
Filter by type, year, price, and size
Transactions
1 properties found
|
Type
|
Road
|
Price
|
PSF
|
Area
|
Date
|
|---|---|---|---|---|---|
| Shop/Retail Lot |
|
RM 1,210,000
|
RM 335.00
|
3,608 sqft
|
Feb 2025
|