AMBAY PARK

AMBAY PARK in Seberang Perai Selatan, Penang recorded 13 subsale transactions in 2022, with a median price of RM 533K and a median price per square foot (PSF) of RM 442.

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 533K, with most transactions falling within a stable range of RM 502K to RM 565K, and a typical market range of RM 506K to RM 561K.

Most transactions involved 2 - 2 1/2 storey terraced, with minimal variety in property types.

Price per square foot shows a median of RM 442, though individual units vary from RM 331 to RM 553 in the core range. The broader market spans RM 412.50 to RM 471.50, indicating diverse property characteristics. A wider spread (IQR: RM 59.00) and deviation (MAD: RM 111) indicate significant PSF variations, likely due to diverse property types or conditions.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.