VORTEX BUSINESS PARK
Commercial Market
Median Price
RM 2,863,000
PSF Trends (2021-2025)
PROPERTY TYPES OVERVIEW
4-Storey Storey Shop
12 properties
Median Price
RM 2,827,000
-11.3% CAGR
Median PSF
RM 418.00
+4.4% CAGR
Semi-D Factory
8 properties
Median Price
RM 2,557,500
+16.3% CAGR
Median PSF
RM 392.50
+16.3% CAGR
Property Type | Properties | Median Price | Price CAGR | Median PSF | PSF CAGR | |
---|---|---|---|---|---|---|
4-Storey Storey Shop | 12 |
RM 2,827,000
±36K MAD
|
-11.35% |
RM 418.00
±12 MAD
|
+4.39% | |
Semi-D Factory | 8 |
RM 2,557,500
±193K MAD
|
+16.28% |
RM 392.50
±30 MAD
|
+16.25% |
VORTEX BUSINESS PARK in Seberang Perai Selatan, Penang recorded 3 subsale transactions in 2021, with a median price of RM 2.86 million and a median price per square foot (PSF) of RM 418.
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 2.86 million, with most transactions falling within a stable range of RM 2.86 million to RM 2.87 million, and a typical market range of RM 2.86 million to RM 2.88 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 418, with most transactions between RM 415 and RM 421. The usual range is RM 391.50 to RM 444.50, showing that most units are priced quite close to each other. With an IQR of RM 53.00 and MAD of RM 3, 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.
Filter by type, year, price, and size
Transactions
3 properties grouped by size
Road | Price | PSF | Size | Date | Type |
---|
JALAN PERNIAGAAN VORTEKS 5
|
RM 2,858,000
|
RM 420.00
|
6,803 sqft
|
Nov 2021
|
JALAN PERNIAGAAN VORTEKS 5
|
RM 2,863,000
|
RM 418.00
|
6,846 sqft
|
Nov 2021
|
JLN PERNIAGAAN VORTEKS 5
|
RM 2,875,000
|
RM 413.00
|
6,953 sqft
|
Dec 2021
|