TAMAN PAYA KELADI in Seberang Perai Utara, Penang recorded 1 subsale transactions in 2023, with a median price of RM 370K and a median price per square foot (PSF) of RM 310.
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 370K, with most transactions falling within a stable range of RM 230K to RM 510K, and a typical market range of RM 300K to RM 440K.
Most transactions involved 2 - 2 1/2 storey terraced, with minimal variety in property types.
For price per square foot, the median is RM 310, with most transactions between RM 288 and RM 333. The usual range is RM 298.75 to RM 321.25, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 22.50 and an average deviation (MAD) of RM 23 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. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.
