Perai-Miel

1, Perai, Pulau Pinang, Malaysia

Property Transactions

3 subsales found

Median
RM4,200,000
PSF
RM196
Price Size
Period
transactions middle 50% (P25–P75)
RM4,100,000
Jalan Perusahaan
21,472 sqft RM191 PSF
RM4,450,000
Jalan Perusahaan 3
21,472 sqft RM207 PSF
RM4,200,000
Solok Perusahaan 3
21,473 sqft RM196 PSF
Legend Recent Highest Price Highest PSF

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Market Snapshot

Commercial

RM4,200,000

RM196 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 21,425 and 21,474 sqft, with a median price of RM4.20 million and a median price per square foot (PSF) of RM196.

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 RM4.20 million, with most transactions falling within a stable range of RM4.10 million to RM4.35 million, and a typical market range of RM4.10 million to RM4.45 million.

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

For price per square foot, the median is RM196, with most transactions between RM189 and RM202. The usual range is RM185.22 to RM205.97, showing that most units are priced quite close to each other. A typical spread (IQR) of RM20.75 and an average deviation (MAD) of RM7 indicate a highly stable PSF trend across properties.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.