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 212K to RM 282K, and a typical market range of RM 216K to RM 278K.
Most transactions involved condominium/apartment, with moderate diversity in property types available.
The median PSF stands at RM 261, with core pricing between RM 229 and RM 293. Market pricing typically extends from RM 230.50 to RM 291.50, reflecting moderate variation in unit pricing. 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.
