TAMAN PANDAN in Seberang Perai Utara, Penang recorded 12 subsale transactions in 2022, with a median price of RM 247K and a median price per square foot (PSF) of RM 261.
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 247K, with most transactions falling within a stable range of RM 80K to RM 745K, and a typical market range of RM 216K to RM 278K.
Most transactions involved condominium/apartment, with moderate diversity in property types available.
Price per square foot shows a median of RM 261, though individual units vary from RM 179 to RM 343 in the core range. The broader market spans RM 230.50 to RM 291.50, indicating diverse property characteristics. A wider spread (IQR: RM 61.00) and deviation (MAD: RM 82) 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. Limited transaction history suggests carefully evaluating comparable sales data.
