KAMPONG NELAYAN-TELUK BAHANG

KAMPONG NELAYAN-TELUK BAHANG in Barat Daya, Penang recorded 2 subsale transactions in 2022, with a median price of RM 190K and a median price per square foot (PSF) of RM 89.

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 190K, with most transactions falling within a stable range of RM 100K to RM 280K, and a typical market range of RM 140K to RM 240K.

Most transactions involved detached, though some variety exists in the market.

For price per square foot, the median is RM 89, with most transactions between RM 82 and RM 95. The usual range is RM 76.25 to RM 100.75, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 24.50 and an average deviation (MAD) of RM 7 indicate a highly stable PSF trend across properties.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.