Seberang Perai Selatan, Penang · Freehold · 5 transactions
Estimated Market Value
Units (2724–2724 sqft) estimated at RM2.30M – RM2.30M based on median PSF of RM844/sqft (5 verified transactions)
+37.9%
since 2022
Median Price
RM2.30M
RM2.30M – RM2.50M
Median PSF
RM844
RM844 – RM918
Transactions
5
2022-03 to 2023-02
Size Range
2724 – 2724
sq.ft (built-up)
| Date | Type | Tenure | Size (sqft) | PSF | Price |
|---|---|---|---|---|---|
| Feb 2023 | 3 - 3 1/2 Storey Shop | Freehold | 2,724 | RM1164 | RM3.17M |
| Sept 2022 | 3 - 3 1/2 Storey Shop | Freehold | 2,724 | RM808 | RM2.20M |
| Aug 2022 | 3 - 3 1/2 Storey Shop | Freehold | 2,724 | RM844 | RM2.30M |
| Jul 2022 | 3 - 3 1/2 Storey Shop | Freehold | 2,724 | RM918 | RM2.50M |
| Mar 2022 | 3 - 3 1/2 Storey Shop | Freehold | 2,724 | RM844 | RM2.30M |
ICONIC POINT · 5 transactions
vs RM200–500 valuer fee
from RM19.90
per month · or RM69.90 once
Investment ROI since first transaction
Capital gain 2022–2023 + est. rental yield
Market verdict
Trend direction, liquidity rating, PSF vs Seberang Perai Selatan average
All 5 transaction records
Complete data, filterable & sortable
3 interactive charts
Scatter plot, price & PSF vs Seberang Perai Selatan & Penang
Unit mix breakdown
Median price & PSF by size category
Rental yield analysis
Est. monthly rent by furnishing type
Best value
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Data-driven insights for ICONIC POINT
Earliest PSF (2022)
RM844
Current PSF (2023)
RM1164
Capital Gain
+37.9%
Total Return (est.)
41.9% p.a.
| Capital appreciation (1 years) | +37.9% |
| Annualised capital return | +37.9% p.a. |
| Est. gross rental yield | 4.0% p.a. |
| Est. total return (capital + rental) | 41.9% p.a. |
| vs Fixed Deposit (3.5% p.a. x 1yr) | +38.4% |
*Based on earliest recorded transaction (2022). Actual launch price may differ. Rental yield computed from 0 active rental listings.
Median Rent
RM7,700/mo
Rent Range
RM6300-9100
25th – 75th pct
Rent PSF
RM2.81
Est. Yield
4.0% p.a.
| Furnishing | Est. Rent |
|---|---|
| Bare/Unfurnished | RM6,500/mo |
| Semi Furnished | RM7,700/mo |
| Fully Furnished | RM9,600/mo |
*Estimated rental figures based on Penang district average gross yield (4%). Actual rents may vary.
PSF Trend: Appreciating
PSF moved from RM844 (2022) to RM1164 (2023)
Liquidity: Moderate
5 transactions over 1 years (~5/year)
130% above Seberang Perai Selatan average
This project: RM844 PSF vs Seberang Perai Selatan median: RM367 PSF
Est. Total Return: 41.9% p.a. (beats FD)
Capital gain (37.9% p.a.) + rental yield (~4% p.a.)
ICONIC POINT delivers a strong estimated total return of 41.9% p.a. — comprising +37.9% 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 130% premium over the Seberang Perai Selatan 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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