BANDAR PERDA (PMTG ROTAN)

BANDAR PERDA (PMTG ROTAN) in Seberang Perai Tengah, Penang recorded 4 subsale transactions in 2021, with a median price of RM 945K and a median price per square foot (PSF) of RM 612.

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 945K, with most transactions falling within a stable range of RM 658K to RM 1.10 million, and a typical market range of RM 701K to RM 1.10 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 612, though individual units vary from RM 459 to RM 765 in the core range. The broader market spans RM 515.00 to RM 709.00, indicating diverse property characteristics. A wider spread (IQR: RM 194.00) and deviation (MAD: RM 153) 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.