BANDAR PERAI JAYA in Seberang Perai Tengah, Penang recorded 9 subsale transactions in 2023, with a median price of RM 46K and a median price per square foot (PSF) of RM 78.
This area contains both residential and commercial properties. View 33 residential properties or 23 commercial properties separately for more focused analysis.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 46K, with most transactions falling within a stable range of RM 27K to RM 65K, and a typical market range of RM -197,250 to RM 289K.
Most transactions involved low-cost flat, with moderate diversity in property types available.
Price per square foot shows a median of RM 78, though individual units vary from RM 56 to RM 100 in the core range. The broader market spans RM 57.00 to RM 99.00, indicating diverse property characteristics. A wider spread (IQR: RM 42.00) and deviation (MAD: RM 22) indicate significant PSF variations, likely due to diverse property types or conditions.
While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.
