TAMAN BAKAP INDAH in Seberang Perai Selatan, Penang recorded 13 subsale transactions in 2023, with a median price of RM 400K and a median price per square foot (PSF) of RM 285.
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 400K, with most transactions falling within a stable range of RM 387K to RM 90K, and a typical market range of RM 256K to RM 90K.
Most transactions involved 2 - 2 1/2 storey terraced, with high diversity across multiple property types.
For price per square foot, the median is RM 285, with most transactions between RM 260 and RM 310. The usual range is RM 191.00 to RM 379.00, showing that most units are priced quite close to each other. With an IQR of RM 188.00 and MAD of RM 25, 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.
