TAMAN PEKAKA

Area Intelligence

2023

Median Price

RM 417,500

PSF: RM 221

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Residential PSF Trends

Median Price

RM 290,000

PSF: RM 202

Commercial PSF Trends

Median Price

RM 767,500

RM 415 PSF

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.

Most transactions involved 1 - 1 1/2 storey terraced, with high diversity across multiple property types.

For price per square foot, the median is RM 221, with most transactions between RM 221 and RM 221. The usual range is RM 151.25 to RM 289.75, showing that most units are priced quite close to each other. With an IQR of RM 138.50 and MAD of RM 0, 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.

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TAMAN PEKAKA, Seberang Perai Selatan, Penang

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