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 |
|---|
|
Lorong Oren Indah 2
|
RM 688,000
|
RM 395
|
1,744 sqft
|
|
|
|
Lorong Oren Indah 2
|
RM 698,000
|
RM 400
|
1,744 sqft
|
|
|
Lorong Oren Indah 1
|
RM 1,700,000
|
RM 313
|
5,436 sqft
|
|
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Market Snapshot
ResidentialRM 698,000
RM 395 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 2023, with a median price of RM 698K and a median price per square foot (PSF) of RM 395.
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 698K, with most transactions falling within a stable range of RM 688K to RM 1.17 million, and a typical market range of RM 688K to RM 751K.
Most transactions involved 2 - 2 1/2 storey terraced, with minimal variety in property types.
The median PSF stands at RM 395, with core pricing between RM 355 and RM 435. Market pricing typically extends from RM 338.68 to RM 450.43, reflecting moderate variation in unit pricing. With an IQR of RM 111.75 and MAD of RM 40, 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.