Area Intelligence

KAMPUNG SELAMAT

2 properties
2022
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Median Price
RM 2,112,500
PSF: RM 24

Commercial Market

Median Price

RM 2,112,500

RM 24 PSF

PSF Trends (2021-2025)

KAMPUNG SELAMAT in Seberang Perai Utara, Penang recorded 2 subsale transactions in 2022, with a median price of RM 2.11 million and a median price per square foot (PSF) of RM 24.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 2.11 million, with most transactions falling within a stable range of RM 2.07 million to RM 2.16 million, and a typical market range of RM 2.07 million to RM 2.16 million.

Most transactions involved detached factory/warehouse, with minimal variety in property types.

For price per square foot, the median is RM 24, with most transactions between RM 23 and RM 24. The usual range is RM 20.00 to RM 27.00, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 7.00 and an average deviation (MAD) of RM 1 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.

Area Location

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KAMPUNG SELAMAT, Seberang Perai Utara, Penang

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Transactions

2 properties grouped by size

91,800 sqft
2 units Detached Factory
RM 2,158,000
JALAN PINANG TUNGGAL
91,824 sqft · RM 24.00 PSF
Jul 2022
RM 2,067,000
JALAN PINANG TUNGGAL
91,824 sqft · RM 23.00 PSF
Jan 2022