TAMAN BAGAN LALLANG in Seberang Perai Utara, Penang recorded 19 subsale transactions in 2023, with a median price of RM 510K and a median price per square foot (PSF) of RM 353.
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 510K, with most transactions falling within a stable range of RM 287K to RM 734K, and a typical market range of RM 311K to RM 710K.
Most transactions involved 2 - 2 1/2 storey terraced, with high diversity across multiple property types.
The median PSF stands at RM 353, with core pricing between RM 287 and RM 420. Market pricing typically extends from RM 279.38 to RM 426.63, 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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.
