Area Intelligence

VORTEX BUSINESS PARK

5 properties
2024
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Median Price
RM 2,750,000
PSF: RM 422

Commercial Market

Median Price

RM 2,750,000

IQR: RM 53
MAD: RM 20
RM 422 PSF 0.3%

PSF Trends (2021-2025)

PROPERTY TYPES OVERVIEW

VORTEX BUSINESS PARK in Seberang Perai Selatan, Penang recorded 5 subsale transactions in 2024, with a median price of RM 2.75 million and a median price per square foot (PSF) of RM 422.

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 2.75 million, with most transactions falling within a stable range of RM 2.59 million to RM 2.91 million, and a typical market range of RM 2.50 million to RM 2.95 million.

Most transactions involved 4 - 4 1/2 storey shop, though some variety exists in the market.

For price per square foot, the median is RM 422, with most transactions between RM 401 and RM 443. The usual range is RM 395.50 to RM 448.50, showing that most units are priced quite close to each other. With an IQR of RM 53.00 and MAD of RM 21, 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.

Area Location

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VORTEX BUSINESS PARK, Seberang Perai Selatan, Penang

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Transactions

5 properties found

Semi-D Factory JLN PERNIAGAAN VORTEKS 5
RM 2,950,000
6,921 sqft Sep 2024
RM 426.00 PSF
Semi-D Factory JALAN PERNIAGAAN VORTEKS 5
RM 2,500,000
6,523 sqft Aug 2024
RM 383.00 PSF
Semi-D Factory JALAN PERNIAGAAN VORTEKS 4
RM 2,750,000
6,523 sqft Jun 2024
RM 422.00 PSF
Semi-D Factory JALAN PERNIAGAAN VORTEKS 4
RM 2,900,000
6,523 sqft Jun 2024
RM 445.00 PSF
Semi-D Factory JALAN PERNIAGAAN VORTEKS 4
RM 2,650,000
6,523 sqft Mar 2024
RM 406.00 PSF