TAMAN ORKID

TAMAN ORKID in Baling, Kedah recorded 3 subsale transactions in 2022, with a median price of RM 179K and a median price per square foot (PSF) of RM 97.

This area consists exclusively of residential properties, with no commercial listings recorded.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 179K, with most transactions falling within a stable range of RM 140K to RM 280K, and a typical market range of RM 146K to RM 212K.

Most transactions involved 1 - 1 1/2 storey terraced, though some variety exists in the market.

For price per square foot, the median is RM 97, with most transactions between RM 95 and RM 99. The usual range is RM 68.25 to RM 125.75, showing that most units are priced quite close to each other. With an IQR of RM 57.50 and MAD of RM 2, the PSF demonstrates reasonable consistency across the market.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.