TAMAN SERI AKASIA in Seberang Perai Tengah, Penang recorded 4 subsale transactions in 2023, with a median price of RM 485K and a median price per square foot (PSF) of RM 280.
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 485K, with most transactions falling within a stable range of RM 370K to RM 600K, and a typical market range of RM 386K to RM 583K.
Most transactions involved 2 - 2 1/2 storey terraced, with moderate diversity in property types available.
The median PSF stands at RM 280, with core pricing between RM 243 and RM 317. Market pricing typically extends from RM 236.00 to RM 324.00, reflecting moderate variation in unit pricing. With an IQR of RM 88.00 and MAD of RM 37, 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. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.
