SRI RELAU COMPLEX
Commercial Market
Median Price
RM 255,000
PSF Trends (2021-2025)
PROPERTY TYPES OVERVIEW
Shop/Retail Lot
7 properties
Median Price
RM 235,000
-4.3% CAGR
Median PSF
RM 235.00
-4.4% CAGR
Office Lot
1 properties
Median Price
RM 295,000
Median PSF
RM 160.00
Property Type | Properties | Median Price | Price CAGR | Median PSF | PSF CAGR | |
---|---|---|---|---|---|---|
Shop/Retail Lot | 7 |
RM 235,000
±20K MAD
|
-4.35% |
RM 235.00
±22 MAD
|
-4.38% | |
Office Lot | 1 |
RM 295,000
|
- |
RM 160.00
|
- |
SRI RELAU COMPLEX in Timur Laut, Penang recorded 4 subsale transactions in 2024, with a median price of RM 255K and a median price per square foot (PSF) of RM 227.
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 255K, with most transactions falling within a stable range of RM 204K to RM 306K, and a typical market range of RM 226K to RM 285K.
Most transactions involved shop unit/retail lot, though some variety exists in the market.
Price per square foot shows a median of RM 227, though individual units vary from RM 161 to RM 293 in the core range. The broader market spans RM 206.50 to RM 247.50, indicating diverse property characteristics. A wider spread (IQR: RM 41.00) and deviation (MAD: RM 66) indicate significant PSF variations, likely due to diverse property types or conditions.
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.
Filter by type, year, price, and size
Transactions
4 properties grouped by size
Road | Price | PSF | Size | Date | Type |
---|
RM 200,000
|
RM 219.00
|
915 sqft
|
Apr 2024
|
||
RM 215,000
|
RM 235.00
|
915 sqft
|
Mar 2024
|
RM 320,000
|
RM 342.00
|
936 sqft
|
Jul 2024
|
RM 295,000
|
RM 160.00
|
1,841 sqft
|
Mar 2024
|