Penang
Seberang Perai Tengah
11
RESIDENSI SEJATI

RESIDENSI SEJATI

Area Intelligence

2023

Median Price

RM 500,000

PSF: RM 422

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Residential PSF Trends

Median Price

RM 500,000

PSF: RM 422

RESIDENSI SEJATI in Seberang Perai Tengah, Penang recorded 5 subsale transactions in 2023, with a median price of RM 500K and a median price per square foot (PSF) of RM 422.

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 500K, with most transactions falling within a stable range of RM 415K to RM 585K, and a typical market range of RM 209K to RM 791K.

Most transactions involved condominium/apartment, with moderate diversity in property types available.

For price per square foot, the median is RM 422, with most transactions between RM 407 and RM 437. The usual range is RM 405.00 to RM 439.00, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 34.00 and an average deviation (MAD) of RM 15 indicate a highly stable PSF trend across properties.

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.

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RESIDENSI SEJATI, Seberang Perai Tengah, Penang

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