TAMAN MACHANG BUBOK in Seberang Perai Tengah, Penang recorded 11 subsale transactions in 2022, with a median price of RM 65K and a median price per square foot (PSF) of RM 126.
This area contains both residential and commercial properties. View 60 residential properties or 5 commercial properties separately for more focused analysis.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 65K, with most transactions falling within a stable range of RM 360K to RM 90K, and a typical market range of RM 360K to RM 258K.
Most transactions involved low-cost flat, with high diversity across multiple property types.
The median PSF stands at RM 126, with core pricing between RM 105 and RM 147. Market pricing typically extends from RM 19.50 to RM 232.50, reflecting moderate variation in unit pricing. The spread of RM 213.00 (IQR) and deviation of RM 21 (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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.
