TAMAN BUKIT PANCHOR INDAH in Seberang Perai Selatan, Penang recorded 11 subsale transactions in 2023, with a median price of RM 370K and a median price per square foot (PSF) of RM 180.
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 370K, with most transactions falling within a stable range of RM 156K to RM 584K, and a typical market range of RM 215K to RM 525K.
Most transactions involved low-cost flat, with high diversity across multiple property types.
Price per square foot shows a median of RM 180, though individual units vary from RM 128 to RM 232 in the core range. The broader market spans RM 123.75 to RM 236.25, indicating diverse property characteristics. A wider spread (IQR: RM 112.50) and deviation (MAD: RM 52) 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.
