OREN BM

Area Intelligence

2021

Median Price

RM 318,000

PSF: RM 389

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Residential PSF Trends

Median Price

RM 318,000

PSF: RM 389

OREN BM in Seberang Perai Tengah, Penang recorded 8 subsale transactions in 2021, with a median price of RM 318K and a median price per square foot (PSF) of RM 389.

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 318K, with most transactions falling within a stable range of RM 313K to RM 298K, and a typical market range of RM 289K to RM 298K.

Most transactions involved condominium/apartment, with minimal variety in property types.

For price per square foot, the median is RM 389, with most transactions between RM 382 and RM 395. The usual range is RM 358.50 to RM 418.50, showing that most units are priced quite close to each other. With an IQR of RM 60.00 and MAD of RM 7, the PSF demonstrates reasonable consistency across the market.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.

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OREN BM, Seberang Perai Tengah, Penang

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