Area Intelligence

KOMPLEKS CHAIN FERRY

2 properties
2023
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Median Price
RM 415,000
PSF: RM 239

Residential Market

Median Price

RM 415,000

IQR: RM 51
MAD: RM 51
RM 239 PSF

PSF Trends (2021-2025)

Commercial Market

Median Price

RM 645,000

IQR: RM 53
MAD: RM 25
RM 312 PSF 17.5%

PSF Trends (2021-2025)

PROPERTY TYPES OVERVIEW

KOMPLEKS CHAIN FERRY in Seberang Perai Utara, Penang recorded 2 subsale transactions in 2023, with a median price of RM 415K and a median price per square foot (PSF) of RM 239.

This area contains both residential and commercial properties. View 2 residential properties or 4 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 415K, with most transactions falling within a stable range of RM 320K to RM 510K, and a typical market range of RM 330K to RM 500K.

Most transactions involved 2 - 2 1/2 storey shop, though some variety exists in the market.

Price per square foot shows a median of RM 239, though individual units vary from RM 188 to RM 289 in the core range. The broader market spans RM 218.38 to RM 258.63, indicating diverse property characteristics. The spread of RM 40.25 (IQR) and deviation of RM 51 (MAD) suggest moderate price variations reflecting different property features.

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.

Area Location

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KOMPLEKS CHAIN FERRY, Seberang Perai Utara, Penang

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Transactions

2 properties grouped by size

1,700 sqft
1 units Double Storey Terraced
RM 320,000
TKT LIMBUNGAN 1
1,698 sqft · RM 188.00 PSF
Jan 2023
1,750 sqft
1 units Double Storey Terraced
RM 510,000
TINGKAT LIMBONGAN 2
1,767 sqft · RM 289.00 PSF
Jul 2023