TAMAN PERINDUSTRIAN BARU SUNGAI LOKAN

TAMAN PERINDUSTRIAN BARU SUNGAI LOKAN in Seberang Perai Utara, Penang recorded 4 subsale transactions in 2023, with a median price of RM 964K and a median price per square foot (PSF) of RM 453.

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 964K, with most transactions falling within a stable range of RM 821K to RM 1.11 million, and a typical market range of RM 874K to RM 1.05 million.

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

For price per square foot, the median is RM 453, with most transactions between RM 414 and RM 492. The usual range is RM 415.00 to RM 491.00, showing that most units are priced quite close to each other. With an IQR of RM 76.00 and MAD of RM 39, 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. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.