WISMA CENTRAL
Commercial Market
Median Price
RM 117,000
PSF Trends (2021-2025)
PROPERTY TYPES OVERVIEW
Office Lot
61 properties
Median Price
RM 147,500
+38.5% CAGR
Median PSF
RM 482.25
+9.0% CAGR
Shop/Retail Lot
19 properties
Median Price
RM 248,750
-13.0% CAGR
Median PSF
RM 1,046.00
-30.1% CAGR
| Property Type | Properties | Median Price | Price CAGR | Median PSF | PSF CAGR | |
|---|---|---|---|---|---|---|
| Office Lot | 61 |
RM 147,500
±39K MAD
|
+38.53% |
RM 482.25
±54 MAD
|
+9.01% | |
| Shop/Retail Lot | 19 |
RM 248,750
±81K MAD
|
-13.01% |
RM 1,046.00
±510 MAD
|
-30.13% |
WISMA CENTRAL in Timur Laut, Penang recorded 43 subsale transactions in 2023, with a median price of RM 117K and a median price per square foot (PSF) of RM 420.
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 117K, with most transactions falling within a stable range of RM 60K to RM 340K, and a typical market range of RM 65K to RM 169K.
Most transactions involved office lot, though some variety exists in the market.
Price per square foot shows a median of RM 420, though individual units vary from RM 208 to RM 632 in the core range. The broader market spans RM 394.50 to RM 445.50, indicating diverse property characteristics. A wider spread (IQR: RM 51.00) and deviation (MAD: RM 212) 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. Significant price variations suggest comparing multiple properties and timing the market carefully. Moderate transaction volume may require patience when buying or selling.
Filter by type, year, price, and size
Transactions
43 properties found
|
Type
|
Road
|
Price
|
PSF
|
Area
|
Date
|
|---|---|---|---|---|---|
| Shop/Retail Lot |
|
RM 194,000
|
RM 641.00
|
302 sqft
|
Dec 2023
|
| Office Lot |
|
RM 134,000
|
RM 415.00
|
323 sqft
|
Dec 2023
|
| Office Lot |
|
RM 68,000
|
RM 465.00
|
146 sqft
|
May 2023
|
| Office Lot |
|
RM 65,000
|
RM 419.00
|
155 sqft
|
May 2023
|
| Office Lot |
|
RM 76,000
|
RM 484.00
|
157 sqft
|
May 2023
|
| Office Lot |
|
RM 66,000
|
RM 420.00
|
157 sqft
|
May 2023
|
| Office Lot |
|
RM 81,000
|
RM 495.00
|
164 sqft
|
May 2023
|
| Office Lot |
|
RM 81,000
|
RM 467.00
|
173 sqft
|
May 2023
|
| Office Lot |
|
RM 157,000
|
RM 838.00
|
187 sqft
|
May 2023
|
| Office Lot |
|
RM 87,000
|
RM 465.00
|
187 sqft
|
May 2023
|
| Office Lot |
|
RM 78,000
|
RM 416.00
|
187 sqft
|
May 2023
|
| Office Lot |
|
RM 92,000
|
RM 467.00
|
197 sqft
|
May 2023
|
| Office Lot |
|
RM 89,000
|
RM 418.00
|
213 sqft
|
May 2023
|
| Office Lot |
|
RM 103,000
|
RM 467.00
|
221 sqft
|
May 2023
|
| Office Lot |
|
RM 92,000
|
RM 417.00
|
221 sqft
|
May 2023
|
| Office Lot |
|
RM 106,000
|
RM 467.00
|
227 sqft
|
May 2023
|
| Office Lot |
|
RM 107,000
|
RM 465.00
|
230 sqft
|
May 2023
|
| Office Lot |
|
RM 219,000
|
RM 837.00
|
262 sqft
|
May 2023
|
| Office Lot |
|
RM 113,000
|
RM 420.00
|
269 sqft
|
May 2023
|
| Office Lot |
|
RM 131,000
|
RM 466.00
|
281 sqft
|
May 2023
|
| Office Lot |
|
RM 139,000
|
RM 466.00
|
298 sqft
|
May 2023
|
| Office Lot |
|
RM 66,000
|
RM 468.00
|
141 sqft
|
May 2023
|
| Office Lot |
|
RM 134,000
|
RM 419.00
|
320 sqft
|
May 2023
|
| Office Lot |
|
RM 154,000
|
RM 418.00
|
368 sqft
|
May 2023
|
| Office Lot |
|
RM 311,000
|
RM 835.00
|
372 sqft
|
May 2023
|
| Office Lot |
|
RM 201,000
|
RM 466.00
|
432 sqft
|
May 2023
|
| Office Lot |
|
RM 180,000
|
RM 417.00
|
432 sqft
|
May 2023
|
| Office Lot |
|
RM 252,000
|
RM 417.00
|
604 sqft
|
May 2023
|
| Office Lot |
|
RM 255,000
|
RM 419.00
|
609 sqft
|
May 2023
|
| Office Lot |
|
RM 980,000
|
RM 1,493.00
|
657 sqft
|
May 2023
|
| Office Lot |
|
RM 284,000
|
RM 235.00
|
1,208 sqft
|
May 2023
|
| Office Lot |
|
RM 317,000
|
RM 235.00
|
1,349 sqft
|
May 2023
|
| Office Lot |
|
RM 349,000
|
RM 234.00
|
1,489 sqft
|
May 2023
|
| Office Lot |
|
RM 950,000
|
RM 235.00
|
4,045 sqft
|
May 2023
|
| Office Lot |
|
RM 950,000
|
RM 235.00
|
4,045 sqft
|
May 2023
|
| Office Lot |
|
RM 60,000
|
RM 416.00
|
144 sqft
|
May 2023
|
| Shop/Retail Lot |
|
RM 67,000
|
RM 465.00
|
144 sqft
|
May 2023
|
| Shop/Retail Lot |
|
RM 61,000
|
RM 417.00
|
146 sqft
|
May 2023
|
| Shop/Retail Lot |
|
RM 68,000
|
RM 416.00
|
164 sqft
|
May 2023
|
| Shop/Retail Lot |
|
RM 138,000
|
RM 838.00
|
165 sqft
|
May 2023
|
| Shop/Retail Lot |
|
RM 80,000
|
RM 420.00
|
191 sqft
|
May 2023
|
| Shop/Retail Lot |
|
RM 117,000
|
RM 416.00
|
281 sqft
|
May 2023
|
| Office Lot |
|
RM 125,000
|
RM 419.00
|
298 sqft
|
May 2023
|