Area Intelligence

PUSAT PERNIAGAAN PASAR AWAM

2 properties
2022
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Median Price
RM 504,000
PSF: RM 247

Commercial Market

Median Price

RM 504,000

IQR: RM 54
MAD: RM 34
RM 247 PSF 13.5%

PSF Trends (2021-2025)

PUSAT PERNIAGAAN PASAR AWAM in Seberang Perai Utara, Penang recorded 2 subsale transactions in 2022, with a median price of RM 504K and a median price per square foot (PSF) of RM 247.

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 504K, with most transactions falling within a stable range of RM 358K to RM 650K, and a typical market range of RM 431K to RM 577K.

Most transactions involved 2 - 2 1/2 storey shop, with minimal variety in property types.

The median PSF stands at RM 247, with core pricing between RM 210 and RM 284. Market pricing typically extends from RM 220.00 to RM 274.00, reflecting moderate variation in unit pricing. With an IQR of RM 54.00 and MAD of RM 37, the PSF demonstrates reasonable consistency across the market.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.

Area Location

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PUSAT PERNIAGAAN PASAR AWAM, Seberang Perai Utara, Penang

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Transactions

2 properties grouped by size

1,250 sqft
1 units Double Storey Shop
RM 358,000
JLN PASAR 1
1,259 sqft · RM 284.00 PSF
Oct 2022
3,100 sqft
1 units Double Storey Shop
RM 650,000
LORONG PASAR 2
3,100 sqft · RM 210.00 PSF
Nov 2022