TAMAN BUKIT PANCHOR in Seberang Perai Selatan, Penang recorded 21 subsale transactions in 2024, with a median price of RM 360K and a median price per square foot (PSF) of RM 288.
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 360K, with most transactions falling within a stable range of RM 326K to RM 150K, and a typical market range of RM 184K to RM 150K.
Most transactions involved 2 - 2 1/2 storey terraced, with moderate diversity in property types available.
The median PSF stands at RM 288, with core pricing between RM 240 and RM 336. Market pricing typically extends from RM 200.25 to RM 375.75, reflecting moderate variation in unit pricing. The spread of RM 175.50 (IQR) and deviation of RM 48 (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. Significant price variations suggest comparing multiple properties and timing the market carefully. Moderate transaction volume may require patience when buying or selling.
