TAMAN PEKAKA in Seberang Perai Selatan, Penang recorded 8 subsale transactions in 2023, with a median price of RM 418K and a median price per square foot (PSF) of RM 221.
This area contains both residential and commercial properties. View 15 residential properties or 8 commercial properties separately for more focused analysis.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 418K, with most transactions falling within a stable range of RM 382K to RM 300K, and a typical market range of RM 288K to RM 300K.
Most transactions involved 1 - 1 1/2 storey terraced, with high diversity across multiple property types.
The median PSF stands at RM 221, with core pricing between RM 187 and RM 254. Market pricing typically extends from RM 151.25 to RM 289.75, reflecting moderate variation in unit pricing. The spread of RM 138.50 (IQR) and deviation of RM 33 (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.
