Perai-Miel

1, Perai, Pulau Pinang, Malaysia

Property Transactions

4 subsales grouped by size

Median
RM2,675,000
PSF
RM194
Price Size
Period
transactions middle 50% (P25–P75)
7,800 sqft
Semi-D Factory
RM1,500,000
Tingkat Perusahaan 3A
7,812 sqft · RM192 PSF
8,500 sqft
Semi-D Factory
RM1,300,000
Lorong. Perusahaan 3
8,497 sqft · RM153 PSF
19,000 sqft
Semi-D Factory
RM3,850,000
Solok Perusahaan 3
19,011 sqft · RM203 PSF
21,450 sqft
Semi-D Factory
RM4,200,000
Solok Perusahaan 3
21,473 sqft · RM196 PSF
Legend Recent Highest Price Highest PSF

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Market Snapshot

Commercial

RM2,675,000

RM194 psf

Median transaction price

Perai-Miel
© OpenStreetMap · CARTO

1, Perai, Pulau Pinang, Malaysia

Maps

Perai-Miel in Seberang Perai Tengah, Penang recorded 4 subsale transactions in 2022, with a median price of RM2.68 million and a median price per square foot (PSF) of RM194.

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 RM2.68 million, with most transactions falling within a stable range of RM1.35 million to RM4.00 million, and a typical market range of RM1.43 million to RM3.93 million.

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

For price per square foot, the median is RM194, with most transactions between RM175 and RM213. The usual range is RM183.43 to RM204.18, showing that most units are priced quite close to each other. A typical spread (IQR) of RM20.75 and an average deviation (MAD) of RM19 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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.