TAMAN PENAGA PERMAI in Seberang Perai Utara, Penang recorded 14 subsale transactions in 2023, with a median price of RM 173K and a median price per square foot (PSF) of RM 253.
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 173K, with most transactions falling within a stable range of RM 123K to RM 223K, and a typical market range of RM 81K to RM 264K.
Most transactions involved town house, with moderate diversity in property types available.
For price per square foot, the median is RM 253, with most transactions between RM 233 and RM 273. The usual range is RM 231.50 to RM 273.50, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 42.00 and an average deviation (MAD) of RM 20 indicate a highly stable PSF trend across properties.
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.
