Penang Science Park
Industrial Transaction Prices
Penang Science Park is a township/project located in Seberang Perai Tengah, Pulau Pinang. The median transacted price for Penang Science Park is RM 35,400,000 with a median transacted price of RM 186.99 per sq. ft.
Property transactions snapshot
Data shown is based on the latest 12-month available period
Median price
RM 35,400,000
-
YoY
Lower: RM 12,800,000
Upper: RM 58,000,000
Median price per sq.ft. (psf)
RM 186.99
-
YoY
Lower: RM 133.05
Upper: RM 240.92
How was this calculated?
- The Lower (25th percentile), where 25% of properties sell for a lower price.
- The Median (50th percentile), which represents the middle price point. At this point, half of the properties sell for more and half for less.
- The Upper (75th percentile), where 75% of properties sell for a lower price.
Capital growth (Year-over-Year) is another important concept. It refers to the percentage change in the median price from one year to the next.
Penang Science Park Median Price Psf
Latest Transactions from Feb 23 to Jan 24
(2 Transactions)
| Sales Date | Property Type | Tenure | Road | Land Area | Build Up | Transaction Price | Price PSF |
|---|---|---|---|---|---|---|---|
| January 2024 | Warehouse | Leasehold | Penang Science Park | 53,130.61 sq.ft | 1,650.32 sq.ft | RM 12,800,000 | RM 241 |
| July 2023 | Warehouse | Leasehold | Lorong Perindustrianustrianustrianustrian Bukit Minyak 20 | 435,937.95 sq.ft | 100,571.96 sq.ft | RM 58,000,000 | RM 133 |
January 2024
Type: Warehouse
Tenure: Leasehold
Road: Penang Science Park
Land Area: 53,130.61 sq.ft
Build Area: 1,650.32 sq.ft
Transaction: RM 12,800,000
Price PSF: RM 241
July 2023
Type: Warehouse
Tenure: Leasehold
Road: Lorong Perindustrianustrianustrianustrian Bukit Minyak 20
Land Area: 435,937.95 sq.ft
Build Area: 100,571.96 sq.ft
Transaction: RM 58,000,000
Price PSF: RM 133
Frequently Asked Questions
What factors affect industrial property prices in Penang Science Park, Seberang Perai Tengah?
Industrial property prices in Penang Science Park, Seberang Perai Tengah are affected by demand, interest rates, economic conditions, local government policies, and development in the area.
Will industrial property prices fluctuate in Penang Science Park, Seberang Perai Tengah?
Yes, prices can fluctuate depending on market conditions, economic factors, and demand in Penang Science Park, Seberang Perai Tengah.
How have industrial property prices changed recently in Penang Science Park, Seberang Perai Tengah?
In the past 12 months, industrial property prices in Penang Science Park, Seberang Perai Tengah have decreased by % YoY.
What is the median price for industrial property in Penang Science Park, Seberang Perai Tengah?
The median price for industrial property in Penang Science Park, Seberang Perai Tengah is RM 35,400,000.
Data Source & Disclaimer:
The transaction data provided on PropertyGenie.com.my is intended for general informational purposes only. It is sourced from the National Property Information Centre (NAPIC) and represents historical subsale property transaction prices. While we strive to ensure the data's accuracy, completeness, and reliability, PropertyGenie.com.my makes no warranties or representations as to the data's current accuracy or completeness. The information constitutes "Third Party Content" under our Website Terms. Users are advised to use this data at their own risk and consider seeking professional advice for property decisions. We disclaim liability for any errors, omissions, or inaccuracies and any loss or damage arising from reliance on this information. PropertyGenie.com.my reserves the right to update or amend the data without notice.