Seberang Perai Tengah, Penang · Freehold · 8 transactions
Estimated Market Value
Units (5856–5963 sqft) estimated at RM3.87M – RM3.94M based on median PSF of RM661/sqft (8 verified transactions)
+9.4%
since 2023
Median Price
RM3.87M
RM3.50M – RM4.30M
Median PSF
RM661
RM598 – RM721
Transactions
8
2023-04 to 2024-08
Size Range
5856 – 5963
sq.ft (built-up)
| Date | Type | Tenure | Size (sqft) | PSF | Price |
|---|---|---|---|---|---|
| Aug 2024 | 3 - 3 1/2 Storey Shop | Freehold | 5,856 | RM598 | RM3.50M |
| Aug 2024 | 3 - 3 1/2 Storey Shop | Freehold | 5,856 | RM700 | RM4.10M |
| Jun 2024 | 3 - 3 1/2 Storey Shop | Freehold | 5,963 | RM721 | RM4.30M |
| Jun 2024 | 3 - 3 1/2 Storey Shop | Freehold | 5,963 | RM721 | RM4.30M |
| Jun 2024 | 3 - 3 1/2 Storey Shop | Freehold | 5,856 | RM581 | RM3.40M |
| May 2024 | 3 - 3 1/2 Storey Shop | Freehold | 5,856 | RM661 | RM3.87M |
| Jun 2023 | 3 - 3 1/2 Storey Shop | Freehold | 5,856 | RM640 | RM3.75M |
| Apr 2023 | 3 - 3 1/2 Storey Shop | Freehold | 5,856 | RM598 | RM3.50M |
ICON CITY · 8 transactions
vs RM200–500 valuer fee
RM69.90
one-time · no subscription
Investment ROI since first transaction
Capital gain 2023–2024 + est. rental yield
Market verdict
Trend direction, liquidity rating, PSF vs Seberang Perai Tengah average
All 8 transaction records
Complete data, filterable & sortable
3 interactive charts
Scatter plot, price & PSF vs Seberang Perai Tengah & Penang
Unit mix breakdown
Median price & PSF by size category
Rental yield analysis
Est. monthly rent by furnishing type
Data-driven insights for ICON CITY
Earliest PSF (2023)
RM640
Current PSF (2024)
RM700
Capital Gain
+9.4%
Total Return (est.)
13.4% p.a.
| Capital appreciation (1 years) | +9.4% |
| Annualised capital return | +9.4% p.a. |
| Est. gross rental yield | 4.0% p.a. |
| Est. total return (capital + rental) | 13.4% p.a. |
| vs Fixed Deposit (3.5% p.a. x 1yr) | +9.9% |
*Based on earliest recorded transaction (2023). Actual launch price may differ. Rental yield computed from 0 active rental listings.
Median Rent
RM12,900/mo
Rent Range
RM10600-15200
25th – 75th pct
Rent PSF
RM2.20
Est. Yield
4.0% p.a.
| Furnishing | Est. Rent |
|---|---|
| Bare/Unfurnished | RM11,000/mo |
| Semi Furnished | RM12,900/mo |
| Fully Furnished | RM16,100/mo |
*Estimated rental figures based on Penang district average gross yield (4%). Actual rents may vary.
| Size | Transactions | Median Price | Median PSF |
|---|---|---|---|
| 5,850 sqft | 6 | RM3.75M | RM640 |
| 5,950 sqft | 2 | RM4.30M | RM721 |
PSF Trend: Stable
PSF moved from RM640 (2023) to RM700 (2024)
Liquidity: Moderate
8 transactions over 1 years (~8/year)
86% above Seberang Perai Tengah average
This project: RM661 PSF vs Seberang Perai Tengah median: RM355 PSF
Est. Total Return: 13.4% p.a. (beats FD)
Capital gain (9.4% p.a.) + rental yield (~4% p.a.)
ICON CITY delivers a strong estimated total return of 13.4% p.a. — comprising +9.4% capital appreciation and ~4% rental yield over 1 years. This outperforms fixed deposits (3.5% p.a.) when rental income is factored in. PSF trades at a significant 86% premium over the Seberang Perai Tengah average — upside may be limited unless the area appreciates. Best suited for capital gain seekers, long-term holders.
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ROI since first transaction, unit mix breakdown, rental yield, area comparison & market verdict
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