Penang
Seberang Perai Selatan
4
TAMAN SUNGAI BAKAP PERMAI

TAMAN SUNGAI BAKAP PERMAI

Area Intelligence

2023

Median Price

RM 450,000

PSF: RM 220

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Residential PSF Trends

Median Price

RM 450,000

PSF: RM 220

TAMAN SUNGAI BAKAP PERMAI in Seberang Perai Selatan, Penang recorded 3 subsale transactions in 2023, with a median price of RM 450K and a median price per square foot (PSF) of RM 220.

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 450K, with most transactions falling within a stable range of RM 440K to RM 500K, and a typical market range of RM 440K to RM 550K.

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

The median PSF stands at RM 220, with core pricing between RM 187 and RM 253. Market pricing typically extends from RM 136.38 to RM 303.63, reflecting moderate variation in unit pricing. The spread of RM 167.25 (IQR) and deviation of RM 33 (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. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.

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TAMAN SUNGAI BAKAP PERMAI, Seberang Perai Selatan, Penang

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Transactions

3 transactions grouped by size

Popular Ranges

Under RM 300k RM 300k - 500k RM 500k - 750k RM 750k - 1M RM 1M - 2M RM 2M+

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Size Range (sqft)

Popular Ranges

Under 1,000 sqft 1,000 - 2,000 sqft 2,000 - 3,000 sqft 3,000 - 5,000 sqft 5,000 - 10,000 sqft 10,000+ sqft

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Road	Price	Land PSF	Land	Date	Type

2,000 sqft

RM 440,000

LORONG SUNGAI BAKAP PERMAI 7

2,002 sqft · RM 220 PSF

Nov 2023

RM 550,000

JALAN. SUNGAI. BAKAP PERMAI

2,002 sqft · RM 275 PSF

May 2023

LORONG SUNGAI BAKAP PERMAI 7	RM 440,000	RM 220	2,002 sqft	Nov 2023	Single Storey Terraced
JALAN. SUNGAI. BAKAP PERMAI	RM 550,000	RM 275	2,002 sqft	May 2023	Double Storey Terraced