Area Intelligence

SRI RELAU COMPLEX

4 properties
2024
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Median Price
RM 255,000
PSF: RM 227

Commercial Market

Median Price

RM 255,000

IQR: RM 41
MAD: RM 21
RM 227 PSF 6.0%

PSF Trends (2021-2025)

PROPERTY TYPES OVERVIEW

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.

Area Location

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SRI RELAU COMPLEX, Timur Laut, Penang

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Transactions

4 properties grouped by size

900 sqft
2 units Shop/Retail Lot
RM 200,000
915 sqft · RM 219.00 PSF
Apr 2024
RM 215,000
915 sqft · RM 235.00 PSF
Mar 2024
950 sqft
1 units Shop/Retail Lot
RM 320,000
936 sqft · RM 342.00 PSF
Jul 2024
1,850 sqft
1 units Office Lot
RM 295,000
1,841 sqft · RM 160.00 PSF
Mar 2024