| Road | Price | PSF | Size | Date | Type |
|---|
|
Lorong Sutera Prima 6
|
RM 448,000
|
RM 359
|
1,249 sqft
|
|
|
|
Lorong Sutera Prima 7
|
RM 480,000
|
RM 384
|
1,249 sqft
|
|
|
Lorong Sutera Prima 2
|
RM 868,000
|
RM 339
|
2,562 sqft
|
|
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Market Snapshot
ResidentialRM 480,000
RM 359 psfMedian transaction price
6, Jalan Sutera Prima, Taman Sutera Prima, 13700 Perai, Pulau Pinang, Malaysia
MapsTaman Sutera Prima in Seberang Perai Tengah, Penang recorded 3 subsale transactions in 2021, with a median price of RM 480K and a median price per square foot (PSF) of RM 359.
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 480K, with most transactions falling within a stable range of RM 448K to RM 671K, and a typical market range of RM 448K to RM 574K.
Most transactions involved 2 - 2 1/2 storey terraced, though some variety exists in the market.
For price per square foot, the median is RM 359, with most transactions between RM 340 and RM 377. The usual range is RM 331.05 to RM 386.55, showing that most units are priced quite close to each other. With an IQR of RM 55.50 and MAD of RM 19, 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.