BERTAM PERDANA 2-LAKEVIEW in Seberang Perai Utara, Penang recorded 53 subsale transactions in 2022, with a median price of RM 530K and a median price per square foot (PSF) of RM 139.
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 530K, with most transactions falling within a stable range of RM 343K to RM 717K, and a typical market range of RM 336K to RM 724K.
Most transactions involved 1 - 1 1/2 storey terraced, with high diversity across multiple property types.
Price per square foot shows a median of RM 139, though individual units vary from RM 104 to RM 174 in the core range. The broader market spans RM 103.00 to RM 175.00, indicating diverse property characteristics. A wider spread (IQR: RM 72.00) and deviation (MAD: RM 35) indicate significant PSF variations, likely due to diverse property types or conditions.
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. Moderate transaction volume may require patience when buying or selling.
