PERAI-MIEL

PERAI-MIEL in Seberang Perai Tengah, Penang recorded 5 subsale transactions in 2023, with a median price of RM 4.45 million and a median price per square foot (PSF) of RM 200.

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 4.45 million, with most transactions falling within a stable range of RM 1.80 million to RM 7.82 million, and a typical market range of RM 3.20 million to RM 5.70 million.

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

Price per square foot shows a median of RM 200, though individual units vary from RM 152 to RM 248 in the core range. The broader market spans RM 189.63 to RM 210.38, indicating diverse property characteristics. The spread of RM 20.75 (IQR) and deviation of RM 48 (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.