TAMAN PINGGIRAN ALMA in Seberang Perai Tengah, Penang recorded 6 subsale transactions in 2023, with a median price of RM 410K and a median price per square foot (PSF) of RM 282.
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 410K, with most transactions falling within a stable range of RM 277K to RM 544K, and a typical market range of RM 267K to RM 553K.
Most transactions involved low-cost flat, with moderate diversity in property types available.
The median PSF stands at RM 282, with core pricing between RM 232 and RM 332. Market pricing typically extends from RM 235.50 to RM 327.50, reflecting moderate variation in unit pricing. The spread of RM 92.00 (IQR) and deviation of RM 50 (MAD) suggest moderate price variations reflecting different property features.
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.
