BANDAR PERDA (PMTG ROTAN) in Seberang Perai Tengah, Penang recorded 20 subsale transactions in 2022, with a median price of RM 730K and a median price per square foot (PSF) of RM 442.
This area contains both residential and commercial properties. View 14 residential properties or 38 commercial properties separately for more focused analysis.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 730K, with most transactions falling within a stable range of RM 417K to RM 1.04 million, and a typical market range of RM 444K to RM 1.02 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 442, though individual units vary from RM 322 to RM 562 in the core range. The broader market spans RM 322.88 to RM 560.13, indicating diverse property characteristics. A wider spread (IQR: RM 237.25) and deviation (MAD: RM 120) 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. Significant price variations suggest comparing multiple properties and timing the market carefully. Moderate transaction volume may require patience when buying or selling.
