TAMAN BIDARA in Seberang Perai Tengah, Penang recorded 8 subsale transactions in 2021, with a median price of RM 339K and a median price per square foot (PSF) of RM 265.
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 339K, with most transactions falling within a stable range of RM 257K to RM 422K, and a typical market range of RM 255K to RM 423K.
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 265, though individual units vary from RM 205 to RM 325 in the core range. The broader market spans RM 206.13 to RM 322.88, indicating diverse property characteristics. The spread of RM 116.75 (IQR) and deviation of RM 60 (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.
