TAMAN BIDARA

Area Intelligence

2022

Median Price

RM 40,500

PSF: RM 74

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Residential PSF Trends

Median Price

RM 40,500

PSF: RM 74

TAMAN BIDARA in Seberang Perai Tengah, Penang recorded 2 subsale transactions in 2022, with a median price of RM 41K and a median price per square foot (PSF) of RM 74.

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 41K, with most transactions falling within a stable range of RM 40K to RM 41K, and a typical market range of RM 40K to RM 41K.

Most transactions involved 2 - 2 1/2 storey terraced, with moderate diversity in property types available.

For price per square foot, the median is RM 74, with most transactions between RM 73 and RM 75. The usual range is RM 15.63 to RM 132.38, showing that most units are priced quite close to each other. With an IQR of RM 116.75 and MAD of RM 1, the PSF demonstrates reasonable consistency across the market.

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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TAMAN BIDARA, Seberang Perai Tengah, Penang

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