BANDAR PERDA (PMTG ROTAN)

BANDAR PERDA (PMTG ROTAN) in Seberang Perai Tengah, Penang recorded 10 subsale transactions in 2023, with a median price of RM 850K and a median price per square foot (PSF) of RM 516.

This area consists exclusively of commercial properties, with no residential listings recorded.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 850K, with most transactions falling within a stable range of RM 570K to RM 1.13 million, and a typical market range of RM 606K to RM 1.09 million.

Most transactions involved 3 - 3 1/2 storey shop, with high diversity across multiple property types.

Price per square foot shows a median of RM 516, though individual units vary from RM 375 to RM 657 in the core range. The broader market spans RM 419.00 to RM 613.00, indicating diverse property characteristics. A wider spread (IQR: RM 194.00) and deviation (MAD: RM 141) indicate significant PSF variations, likely due to diverse property types or conditions.

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.