TAMAN BIDARA in Seberang Perai Tengah, Penang recorded 20 subsale transactions in 2022, with a median price of RM 340K and a median price per square foot (PSF) of RM 214.
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 340K, with most transactions falling within a stable range of RM 247K to RM 300K, and a typical market range of RM 256K to RM 300K.
Most transactions involved 2 - 2 1/2 storey terraced, with moderate diversity in property types available.
Price per square foot shows a median of RM 214, though individual units vary from RM 147 to RM 280 in the core range. The broader market spans RM 155.13 to RM 271.88, indicating diverse property characteristics. A wider spread (IQR: RM 116.75) and deviation (MAD: RM 66) indicate significant PSF variations, likely due to diverse property types or conditions.
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. Moderate transaction volume may require patience when buying or selling.
