GARDEN TERRACES @ TAMAN MACHANG BUBOK

GARDEN TERRACES @ TAMAN MACHANG BUBOK in Seberang Perai Tengah, Penang recorded 3 subsale transactions in 2022, with a median price of RM 636K and a median price per square foot (PSF) of RM 372.

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 636K, with most transactions falling within a stable range of RM 633K to RM 638K, and a typical market range of RM 630K to RM 638K.

Most transactions involved 2 - 2 1/2 storey terraced, with minimal variety in property types.

For price per square foot, the median is RM 372, with most transactions between RM 348 and RM 396. The usual range is RM 346.50 to RM 397.50, showing that most units are priced quite close to each other. With an IQR of RM 51.00 and MAD of RM 24, 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.