PUSAT PERNIAGAAN SERDANG

PUSAT PERNIAGAAN SERDANG in Seberang Perai Utara, Penang recorded 3 subsale transactions in 2023, with a median price of RM 516K and a median price per square foot (PSF) of RM 148.

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 516K, with most transactions falling within a stable range of RM 458K to RM 665K, and a typical market range of RM 458K to RM 658K.

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

Price per square foot shows a median of RM 148, though individual units vary from RM 109 to RM 187 in the core range. The broader market spans RM 107.50 to RM 188.50, indicating diverse property characteristics. A wider spread (IQR: RM 81.00) and deviation (MAD: RM 39) indicate significant PSF variations, likely due to diverse property types or conditions.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.