GARDEN TERRACES @ TAMAN MACHANG BUBOK

GARDEN TERRACES @ TAMAN MACHANG BUBOK in Seberang Perai Tengah, Penang recorded 2 subsale transactions in 2023, with a median price of RM 650K and a median price per square foot (PSF) of RM 435.

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 650K, with most transactions falling within a stable range of RM 642K to RM 658K, and a typical market range of RM 643K to RM 657K.

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

For price per square foot, the median is RM 435, with most transactions between RM 413 and RM 456. The usual range is RM 409.00 to RM 460.00, showing that most units are priced quite close to each other. With an IQR of RM 51.00 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. 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.