Area Intelligence

UNIVERSITI PLACE- PLAZA IVORY

1 properties
Office Lot
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Median Price
RM 750,000
PSF: RM 494

Commercial Market

Median Price

RM 750,000

IQR: RM 330
MAD: RM 97
RM 494 PSF 35.4%

PSF Trends (2021-2025)

PROPERTY TYPES OVERVIEW

UNIVERSITI PLACE- PLAZA IVORY in Timur Laut, Penang recorded 1 Office Lot properties subsale transactions between 2021 and 2025 for office lot properties, with a median price of RM 750K and a median price per square foot (PSF) of RM 494.

This area consists exclusively of commercial properties, with no residential listings recorded.

Price remained flat, and PSF growth was PSF remained flat.

Within the Office Lot category, shop unit/retail lot dominated the market, though some variety exists in the market.

For price per square foot, the median is RM 494, with most transactions between RM 494 and RM 494. The usual range is RM 329.25 to RM 658.75, showing that most units are priced quite close to each other. With an IQR of RM 329.50 and MAD of RM 0, the PSF demonstrates reasonable consistency across the market.

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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UNIVERSITI PLACE- PLAZA IVORY, Timur Laut, Penang

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Transactions

1 properties grouped by size

1,500 sqft
1 units Office Lot
RM 750,000
1,518 sqft · RM 494.00 PSF
Jun 2023