TAMAN BALIK PULAU (FOKUS ESTATE SDN. BHD

TAMAN BALIK PULAU (FOKUS ESTATE SDN. BHD in Barat Daya, Penang recorded 5 subsale transactions in 2023, with a median price of RM 600K and a median price per square foot (PSF) of RM 277.

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 600K, with most transactions falling within a stable range of RM 282K to RM 918K, and a typical market range of RM 380K to RM 821K.

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

Price per square foot shows a median of RM 277, though individual units vary from RM 164 to RM 390 in the core range. The broader market spans RM 180.50 to RM 373.50, indicating diverse property characteristics. A wider spread (IQR: RM 193.00) and deviation (MAD: RM 113) indicate significant PSF variations, likely due to diverse property types or conditions.

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.