Taman Oren Indah
1, Lorong Oren Indah, Kampung Sungai Rambai, 14000 Bukit Mertajam, Pulau Pinang, Malaysia
1, Lorong Oren Indah, Kampung Sungai Rambai, 14000 Bukit Mertajam, Pulau Pinang, Malaysia
|
Road
|
Price
|
PSF
|
Size
|
Date
|
Type
|
|---|---|---|---|---|---|
| 2021 | |||||
|
Lorong Oren Indah 1
|
RM 691,000
|
RM 396
|
1,744 sqft
|
|
2-Sty Terrace |
|
Lorong Oren Indah 2
|
RM 749,000
|
RM 424
|
1,765 sqft
|
|
2-Sty Terrace |
|
Lorong Oren Indah 2
|
RM 645,000
|
RM 370
|
1,744 sqft
|
|
2-Sty Terrace |
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Market Snapshot
ResidentialRM 691,000
RM 396 psfMedian transaction price
1, Lorong Oren Indah, Kampung Sungai Rambai, 14000 Bukit Mertajam, Pulau Pinang, Malaysia
MapsTaman Oren Indah in Seberang Perai Tengah, Penang recorded 3 subsale transactions in 2021, with a median price of RM 691K and a median price per square foot (PSF) of RM 396.
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 691K, with most transactions falling within a stable range of RM 648K to RM 734K, and a typical market range of RM 645K to RM 744K.
Most transactions involved 2 - 2 1/2 storey terraced, with minimal variety in property types.
For price per square foot, the median is RM 396, with most transactions between RM 374 and RM 418. The usual range is RM 340.40 to RM 452.15, showing that most units are priced quite close to each other. With an IQR of RM 111.75 and MAD of RM 22, 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. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.