TAMAN SERI BAYU in Seberang Perai Selatan, Penang recorded 6 subsale transactions in 2022, with a median price of RM 390K and a median price per square foot (PSF) of RM 283.
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 390K, with most transactions falling within a stable range of RM 324K to RM 456K, and a typical market range of RM 300K to RM 480K.
Most transactions involved 2 - 2 1/2 storey terraced, with high diversity across multiple property types.
The median PSF stands at RM 283, with core pricing between RM 228 and RM 338. Market pricing typically extends from RM 228.38 to RM 337.63, reflecting moderate variation in unit pricing. The spread of RM 109.25 (IQR) and deviation of RM 55 (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.
