PLAZA SRI PERAK

PLAZA SRI PERAK in Timur Laut, Penang recorded 5 subsale transactions in 2023, with a median price of RM 535K and a median price per square foot (PSF) of RM 401.

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 535K, with most transactions falling within a stable range of RM 535K to RM 545K, and a typical market range of RM 535K to RM 560K.

Most transactions involved office lot, with minimal variety in property types.

For price per square foot, the median is RM 401, with most transactions between RM 393 and RM 409. The usual range is RM 329.88 to RM 472.13, showing that most units are priced quite close to each other. With an IQR of RM 142.25 and MAD of RM 8, 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.