Taman Perindustrian Baru Sungai Lokan
Industrial Transaction Prices
Taman Perindustrian Baru Sungai Lokan is a township/project located in Seberang Perai Utara, Pulau Pinang. The median transacted price for Taman Perindustrian Baru Sungai Lokan is RM 964,000 with a median transacted price of RM 453.10 per sq. ft.
Property transactions snapshot
Data shown is based on the latest 12-month available period
Median price
RM 964,000
24.39% YoY
Lower: RM 800,000
Upper: RM 1,200,000
Median price per sq.ft. (psf)
RM 453.10
14.53% YoY
Lower: RM 408.37
Upper: RM 500.25
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.
Taman Perindustrian Baru Sungai Lokan Median Price Psf
Latest Transactions from Dec 22 to Nov 23
(4 Transactions)
| Sales Date | Property Type | Tenure | Road | Land Area | Build Up | Transaction Price | Price PSF |
|---|---|---|---|---|---|---|---|
| November 2023 | Warehouse | Freehold | Lrg. Perusahaan Sungai Lokan 2/1 | 1,959.03 sq.ft | 2,755.56 sq.ft | RM 980,000 | RM 500 |
| May 2023 | Warehouse | Freehold | Lrg. Perusahaan Sungai Lokan 2 | 1,959.03 sq.ft | 2,755.56 sq.ft | RM 948,000 | RM 484 |
| April 2023 | Warehouse | Freehold | Lorong Perusahaan Sungai Lokan 2/2 | 1,959.03 sq.ft | 2,755.56 sq.ft | RM 800,000 | RM 408 |
| March 2023 | Warehouse | Freehold | Lorong Per. Sungai Lokan 3 | 2,841.67 sq.ft | 3,577.92 sq.ft | RM 1,200,000 | RM 422 |
November 2023
Type: Warehouse
Tenure: Freehold
Road: Lrg. Perusahaan Sungai Lokan 2/1
Land Area: 1,959.03 sq.ft
Build Area: 2,755.56 sq.ft
Transaction: RM 980,000
Price PSF: RM 500
May 2023
Type: Warehouse
Tenure: Freehold
Road: Lrg. Perusahaan Sungai Lokan 2
Land Area: 1,959.03 sq.ft
Build Area: 2,755.56 sq.ft
Transaction: RM 948,000
Price PSF: RM 484
April 2023
Type: Warehouse
Tenure: Freehold
Road: Lorong Perusahaan Sungai Lokan 2/2
Land Area: 1,959.03 sq.ft
Build Area: 2,755.56 sq.ft
Transaction: RM 800,000
Price PSF: RM 408
March 2023
Type: Warehouse
Tenure: Freehold
Road: Lorong Per. Sungai Lokan 3
Land Area: 2,841.67 sq.ft
Build Area: 3,577.92 sq.ft
Transaction: RM 1,200,000
Price PSF: RM 422
Frequently Asked Questions
What factors affect industrial property prices in Taman Perindustrian Baru Sungai Lokan, Seberang Perai Utara?
Industrial property prices in Taman Perindustrian Baru Sungai Lokan, Seberang Perai Utara are affected by demand, interest rates, economic conditions, local government policies, and development in the area.
Will industrial property prices fluctuate in Taman Perindustrian Baru Sungai Lokan, Seberang Perai Utara?
Yes, prices can fluctuate depending on market conditions, economic factors, and demand in Taman Perindustrian Baru Sungai Lokan, Seberang Perai Utara.
How have industrial property prices changed recently in Taman Perindustrian Baru Sungai Lokan, Seberang Perai Utara?
In the past 12 months, industrial property prices in Taman Perindustrian Baru Sungai Lokan, Seberang Perai Utara have increased by 24.39% YoY.
What is the median price for industrial property in Taman Perindustrian Baru Sungai Lokan, Seberang Perai Utara?
The median price for industrial property in Taman Perindustrian Baru Sungai Lokan, Seberang Perai Utara is RM 964,000.
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.