PRAI PERDANA

Area Intelligence

2023

Median Price

RM 191,500

PSF: RM 244

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Residential PSF Trends

Median Price

RM 191,500

PSF: RM 244

PRAI PERDANA in Seberang Perai Tengah, Penang recorded 2 subsale transactions in 2023, with a median price of RM 192K and a median price per square foot (PSF) of RM 244.

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 192K, with most transactions falling within a stable range of RM 160K to RM 223K, and a typical market range of RM 169K to RM 214K.

Most transactions involved condominium/apartment, with minimal variety in property types.

The median PSF stands at RM 244, with core pricing between RM 212 and RM 276. Market pricing typically extends from RM 207.00 to RM 281.00, reflecting moderate variation in unit pricing. With an IQR of RM 74.00 and MAD of RM 32, the PSF demonstrates reasonable consistency across the market.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.

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PRAI PERDANA, Seberang Perai Tengah, Penang

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