TAMAN SRI ACHEH in Seberang Perai Selatan, Penang recorded 6 subsale transactions in 2022, with a median price of RM 200K and a median price per square foot (PSF) of RM 190.
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 200K, with most transactions falling within a stable range of RM 175K to RM 230K, and a typical market range of RM 175K to RM 250K.
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 190, though individual units vary from RM 149 to RM 231 in the core range. The broader market spans RM 154.25 to RM 225.75, indicating diverse property characteristics. The spread of RM 71.50 (IQR) and deviation of RM 41 (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.
