TAMAN CAMELLIA in Seberang Perai Tengah, Penang recorded 8 subsale transactions in 2022, with a median price of RM 425K and a median price per square foot (PSF) of RM 395.
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 425K, with most transactions falling within a stable range of RM 315K to RM 535K, and a typical market range of RM 319K to RM 532K.
Most transactions involved cluster house, though some variety exists in the market.
The median PSF stands at RM 395, with core pricing between RM 333 and RM 458. Market pricing typically extends from RM 335.25 to RM 454.75, reflecting moderate variation in unit pricing. The spread of RM 119.50 (IQR) and deviation of RM 63 (MAD) suggest moderate price variations reflecting different property features.
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.
