TAMAN SUNGAI BAKAP PERMAI in Seberang Perai Selatan, Penang recorded 4 subsale transactions in 2021, with a median price of RM 310K and a median price per square foot (PSF) of RM 216.
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 310K, with most transactions falling within a stable range of RM 190K to RM 430K, and a typical market range of RM 155K to RM 466K.
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 216, though individual units vary from RM 126 to RM 307 in the core range. The broader market spans RM 132.38 to RM 299.63, indicating diverse property characteristics. A wider spread (IQR: RM 167.25) and deviation (MAD: RM 91) 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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.
