TAMAN BAKAP INDAH in Seberang Perai Selatan, Penang recorded 4 subsale transactions in 2023, with a median price of RM 77K and a median price per square foot (PSF) of RM 128.
This area contains both residential and commercial properties. View 50 residential properties or 7 commercial properties separately for more focused analysis.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 77K, with most transactions falling within a stable range of RM 64K to RM 90K, and a typical market range of RM 60K to RM 90K.
Most transactions involved 2 - 2 1/2 storey terraced, with high diversity across multiple property types.
The median PSF stands at RM 128, with core pricing between RM 103 and RM 152. Market pricing typically extends from RM 33.50 to RM 221.50, reflecting moderate variation in unit pricing. The spread of RM 188.00 (IQR) and deviation of RM 25 (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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.
