Plaza Sri Perak

60, Jln Perak, Jelutong, 11600 Jelutong, Pulau Pinang, Malaysia

Property Transactions

6 subsales grouped by size

Median
RM770,000
PSF
RM550
Price Size
Period
transactions middle 50% (P25–P75)
1,300 sqft
Office
RM1,500,000
Level 1
1,302 sqft · RM1,152 PSF
1,400 sqft
Office
RM790,000
Level 2
1,399 sqft · RM565 PSF
RM750,000
Level 3
1,399 sqft · RM536 PSF
RM790,000
Level 3
1,399 sqft · RM565 PSF
RM750,000
Level 4
1,399 sqft · RM536 PSF
RM750,000
Level 5
1,399 sqft · RM536 PSF
Legend Recent Highest Price Highest PSF

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Market Snapshot

Commercial

RM770,000

RM550 psf

Median transaction price

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60, Jln Perak, Jelutong, 11600 Jelutong, Pulau Pinang, Malaysia

Maps

Plaza Sri Perak in Timur Laut, Penang recorded 6 subsale transactions in 2022, with a median price of RM770K and a median price per square foot (PSF) of RM550.

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 RM770K, with most transactions falling within a stable range of RM750K to RM1.04 million, and a typical market range of RM750K to RM883K.

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

Price per square foot shows a median of RM550, though individual units vary from RM325 to RM776 in the core range. The broader market spans RM479.15 to RM621.40, indicating diverse property characteristics. A wider spread (IQR: RM142.25) and deviation (MAD: RM226) indicate significant PSF variations, likely due to diverse property types or conditions.

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.