Penang
Seberang Perai Selatan
4
TAMAN BAKAP INDAH

TAMAN BAKAP INDAH

Area Intelligence

2022

Median Price

RM 481,500

PSF: RM 237

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Residential PSF Trends

Median Price

RM 473,000

PSF: RM 232

Commercial PSF Trends

Median Price

RM 530,000

RM 344 PSF

TAMAN BAKAP INDAH in Seberang Perai Selatan, Penang recorded 30 subsale transactions in 2022, with a median price of RM 482K and a median price per square foot (PSF) of RM 237.

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 482K, with most transactions falling within a stable range of RM 530K to RM 562K, and a typical market range of RM 530K to RM 626K.

Most transactions involved 2 - 2 1/2 storey terraced, with high diversity across multiple property types.

Price per square foot shows a median of RM 237, though individual units vary from RM 157 to RM 317 in the core range. The broader market spans RM 143.00 to RM 331.00, indicating diverse property characteristics. A wider spread (IQR: RM 188.00) and deviation (MAD: RM 80) 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. Some price volatility exists, making thorough market research essential before transacting. Moderate transaction volume may require patience when buying or selling.

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TAMAN BAKAP INDAH, Seberang Perai Selatan, Penang

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