TAMAN BAGAN LALLANG in Seberang Perai Utara, Penang recorded 16 subsale transactions in 2022, with a median price of RM 565K and a median price per square foot (PSF) of RM 382.
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 565K, with most transactions falling within a stable range of RM 342K to RM 789K, and a typical market range of RM 366K to RM 765K.
Most transactions involved 2 - 2 1/2 storey terraced, with high diversity across multiple property types.
The median PSF stands at RM 382, with core pricing between RM 315 and RM 448. Market pricing typically extends from RM 307.88 to RM 455.13, reflecting moderate variation in unit pricing. The spread of RM 147.25 (IQR) and deviation of RM 67 (MAD) suggest moderate price variations reflecting different property features.
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.
