BANDAR PERDA (PMTG ROTAN) in Seberang Perai Tengah, Penang recorded 15 subsale transactions in 2023, with a median price of RM 580K and a median price per square foot (PSF) of RM 414.
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 580K, with most transactions falling within a stable range of RM 850K to RM 592K, and a typical market range of RM 850K to RM 866K.
Most transactions involved 3 - 3 1/2 storey shop, with high diversity across multiple property types.
For price per square foot, the median is RM 414, with most transactions between RM 407 and RM 421. The usual range is RM 295.38 to RM 532.63, showing that most units are priced quite close to each other. With an IQR of RM 237.25 and MAD of RM 7, 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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.
