TAMAN BALIK PULAU (FOKUS ESTATE SDN. BHD in Barat Daya, Penang recorded 2 subsale transactions in 2021, with a median price of RM 734K and a median price per square foot (PSF) of RM 525.
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 734K, with most transactions falling within a stable range of RM 654K to RM 814K, and a typical market range of RM 514K to RM 955K.
Most transactions involved 2 - 2 1/2 storey terraced, with moderate diversity in property types available.
The median PSF stands at RM 525, with core pricing between RM 425 and RM 625. Market pricing typically extends from RM 428.50 to RM 621.50, reflecting moderate variation in unit pricing. The spread of RM 193.00 (IQR) and deviation of RM 100 (MAD) suggest moderate price variations reflecting different property features.
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.
