ICONIC POINT

ICONIC POINT in Seberang Perai Selatan, Penang recorded 4 subsale transactions in 2022, with a median price of RM 2.30 million and a median price per square foot (PSF) of RM 913.

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 2.30 million, with most transactions falling within a stable range of RM 2.20 million to RM 2.41 million, and a typical market range of RM 2.20 million to RM 2.40 million.

Most transactions involved 3 - 3 1/2 storey shop, with minimal variety in property types.

For price per square foot, the median is RM 913, with most transactions between RM 869 and RM 957. The usual range is RM 873.00 to RM 953.00, showing that most units are priced quite close to each other. With an IQR of RM 80.00 and MAD of RM 44, 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. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.