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Market Snapshot
ResidentialRM 475,000
RM 319 psfMedian transaction price
Taman Inderawasih, Perai, Pulau Pinang, Malaysia
MapsTaman Inderawasih in Seberang Perai Tengah, Penang recorded 0 subsale transactions in 2021, with a median price of RM 475K and a median price per square foot (PSF) of RM 319.
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 475K, with most transactions falling within a stable range of RM 280K to RM 670K, and a typical market range of RM 328K to RM 623K.
Most transactions involved low-cost flat, with high diversity across multiple property types.
For price per square foot, the median is RM 319, with most transactions between RM 309 and RM 329. The usual range is RM 274.75 to RM 363.25, showing that most units are priced quite close to each other. With an IQR of RM 88.50 and MAD of RM 10, 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.