PEKAN SUNGAI BAKAP in Seberang Perai Selatan, Penang recorded 1 subsale transactions in 2022, with a median price of RM 319K and a median price per square foot (PSF) of RM 13.
This area contains both residential and commercial properties. View 2 residential properties or 2 commercial properties separately for more focused analysis.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 319K, with most transactions falling within a stable range of RM 234K to RM 404K, and a typical market range of RM 234K to RM 404K.
Most transactions involved detached, with high diversity across multiple property types.
Price per square foot shows a median of RM 13, though individual units vary from RM 0 to RM 103 in the core range. The broader market spans RM 0.00 to RM 179.50, indicating diverse property characteristics. A wider spread (IQR: RM 333.00) and deviation (MAD: RM 90) 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. Limited transaction history suggests carefully evaluating comparable sales data.
