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 590K to RM 180K, and a typical market range of RM 380K to RM 180K.

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

For price per square foot, the median is RM 277, with most transactions between RM 262 and RM 292. The usual range is RM 180.50 to RM 373.50, showing that most units are priced quite close to each other. With an IQR of RM 193.00 and MAD of RM 15, 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.