TAMAN SERI BAYU in Seberang Perai Selatan, Penang recorded 2 subsale transactions in 2021, with a median price of RM 500K and a median price per square foot (PSF) of RM 270.
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 500K, with most transactions falling within a stable range of RM 375K to RM 625K, and a typical market range of RM 351K to RM 649K.
Most transactions involved 2 - 2 1/2 storey terraced, with high diversity across multiple property types.
The median PSF stands at RM 270, with core pricing between RM 241 and RM 300. Market pricing typically extends from RM 215.38 to RM 324.63, reflecting moderate variation in unit pricing. With an IQR of RM 109.25 and MAD of RM 30, the PSF demonstrates reasonable consistency across the market.
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.
