TAMAN BALIK PULAU (FOKUS ESTATE SDN. BHD

TAMAN BALIK PULAU (FOKUS ESTATE SDN. BHD in Barat Daya, Penang recorded 3 subsale transactions in 2022, with a median price of RM 695K and a median price per square foot (PSF) of RM 475.

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 695K, with most transactions falling within a stable range of RM 688K to RM 727K, and a typical market range of RM 688K to RM 760K.

Most transactions involved 2 - 2 1/2 storey terraced, with moderate diversity in property types available.

The median PSF stands at RM 475, with core pricing between RM 405 and RM 545. Market pricing typically extends from RM 378.50 to RM 571.50, reflecting moderate variation in unit pricing. With an IQR of RM 193.00 and MAD of RM 70, 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.