Perai-Miel

1, Perai, Pulau Pinang, Malaysia

Property Transactions

3 subsales found

Median
RM1,500,000
PSF
RM192
Price Size
Period
transactions middle 50% (P25–P75)
RM1,800,000
Tingkat Perusahaan 3A
7,875 sqft RM229 PSF
RM1,300,000
Lorong. Perusahaan 3
8,497 sqft RM153 PSF
RM1,500,000
Tingkat Perusahaan 3A
7,812 sqft RM192 PSF
Legend Recent Highest Price Highest PSF

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Market Snapshot

Commercial

RM1,500,000

RM192 psf

Median transaction price

Perai-Miel
© OpenStreetMap · CARTO

1, Perai, Pulau Pinang, Malaysia

Maps

Perai-Miel in Seberang Perai Tengah, Penang recorded 3 subsale transactions between 2021 and 2026, sized between 3,000 and 10,000 sqft, with a median price of RM1.50 million and a median price per square foot (PSF) of RM192.

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 RM1.50 million, with most transactions falling within a stable range of RM1.30 million to RM1.71 million, and a typical market range of RM1.30 million to RM1.80 million.

Most transactions involved semi-detached factory/warehouse, though some variety exists in the market.

The median PSF stands at RM192, with core pricing between RM161 and RM223. Market pricing typically extends from RM181.65 to RM202.40, reflecting moderate variation in unit pricing. The spread of RM20.75 (IQR) and deviation of RM31 (MAD) suggest moderate price variations reflecting different property features.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.