TAMAN PERDA INDAH in Seberang Perai Utara, Penang recorded 22 subsale transactions in 2023, with a median price of RM 187K and a median price per square foot (PSF) of RM 124.
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 187K, with most transactions falling within a stable range of RM 92K to RM 282K, and a typical market range of RM 66K to RM 308K.
Most transactions involved 1 - 1 1/2 storey terraced, with moderate diversity in property types available.
Price per square foot shows a median of RM 124, though individual units vary from RM 51 to RM 197 in the core range. The broader market spans RM 80.00 to RM 167.00, indicating diverse property characteristics. A wider spread (IQR: RM 87.00) and deviation (MAD: RM 73) 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. Significant price variations suggest comparing multiple properties and timing the market carefully. Moderate transaction volume may require patience when buying or selling.
