TAMAN SERI DESA in Seberang Perai Utara, Penang recorded 3 subsale transactions in 2023, with a median price of RM 160K and a median price per square foot (PSF) of RM 146.
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 160K, with most transactions falling within a stable range of RM 130K to RM 190K, and a typical market range of RM 115K to RM 205K.
Most transactions involved low-cost house, with minimal variety in property types.
Price per square foot shows a median of RM 146, though individual units vary from RM 109 to RM 183 in the core range. The broader market spans RM 103.00 to RM 189.00, indicating diverse property characteristics. A wider spread (IQR: RM 86.00) and deviation (MAD: RM 37) 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.
