TAMAN BAGAN LALLANG in Seberang Perai Utara, Penang recorded 3 subsale transactions in 2022, with a median price of RM 230K and a median price per square foot (PSF) of RM 270.
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 230K, with most transactions falling within a stable range of RM 7K to RM 454K, and a typical market range of RM 31K to RM 430K.
Most transactions involved 2 - 2 1/2 storey terraced, with high diversity across multiple property types.
Price per square foot shows a median of RM 270, though individual units vary from RM 204 to RM 337 in the core range. The broader market spans RM 196.38 to RM 343.63, indicating diverse property characteristics. 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.
