TAMAN PANDAN in Seberang Perai Utara, Penang recorded 3 subsale transactions in 2021, with a median price of RM 300K and a median price per square foot (PSF) of RM 324.
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 300K, with most transactions falling within a stable range of RM 265K to RM 335K, and a typical market range of RM 269K to RM 331K.
Most transactions involved condominium/apartment, with moderate diversity in property types available.
For price per square foot, the median is RM 324, with most transactions between RM 292 and RM 356. The usual range is RM 293.50 to RM 354.50, showing that most units are priced quite close to each other. With an IQR of RM 61.00 and MAD of RM 32, 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.
