Perai-Miel

1, Perai, Pulau Pinang, Malaysia

Property Transactions

5 subsales found

Median
RM4,450,000
PSF
RM200
Price Size
Period
transactions middle 50% (P25–P75)
RM4,600,000
Jalan Perusahaan
23,021 sqft RM200 PSF
RM11,814,000
Tingkat Perusahaan 3
129,334 sqft RM91 PSF
RM1,800,000
Tingkat Perusahaan 3A
7,875 sqft RM229 PSF
RM4,450,000
Jalan Perusahaan 3
21,472 sqft RM207 PSF
RM4,400,000
Solok Perusahaan 3
23,021 sqft RM191 PSF
Legend Recent Highest Price Highest PSF

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Market Snapshot

Commercial

RM4,450,000

RM200 psf

Median transaction price

Perai-Miel
© OpenStreetMap · CARTO

1, Perai, Pulau Pinang, Malaysia

Maps

Perai-Miel in Seberang Perai Tengah, Penang recorded 5 subsale transactions in 2023, with a median price of RM4.45 million and a median price per square foot (PSF) of RM200.

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 RM4.45 million, with most transactions falling within a stable range of RM1.80 million to RM7.82 million, and a typical market range of RM3.20 million to RM5.70 million.

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

Price per square foot shows a median of RM200, though individual units vary from RM152 to RM248 in the core range. The broader market spans RM189.45 to RM210.20, indicating diverse property characteristics. The spread of RM20.75 (IQR) and deviation of RM48 (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.