Perai-Miel in Seberang Perai Tengah, Penang recorded 2 subsale transactions in 2021, with a median price of RM5.53 million and a median price per square foot (PSF) of RM153.

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 RM5.53 million, with most transactions falling within a stable range of RM2.05 million to RM9.00 million, and a typical market range of RM4.28 million to RM6.78 million.

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

Price per square foot shows a median of RM153, though individual units vary from RM117 to RM189 in the core range. The broader market spans RM142.43 to RM163.18, indicating diverse property characteristics. The spread of RM20.75 (IQR) and deviation of RM36 (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.