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 197K to RM 485K, and a typical market range of RM 184K to RM 485K.
Most transactions involved 2 - 2 1/2 storey terraced, with moderate diversity in property types available.
Price per square foot shows a median of RM 288, though individual units vary from RM 186 to RM 390 in the core range. The broader market spans RM 200.25 to RM 375.75, indicating diverse property characteristics. A wider spread (IQR: RM 175.50) and deviation (MAD: RM 102) 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. Moderate transaction volume may require patience when buying or selling.
