Penang
Seberang Perai Utara
8
TAMAN ORKID INDAH

TAMAN ORKID INDAH

Area Intelligence

2023

Median Price

RM 519,000

PSF: RM 119

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Residential PSF Trends

Median Price

RM 519,000

PSF: RM 119

TAMAN ORKID INDAH in Seberang Perai Utara, Penang recorded 1 subsale transactions in 2023, with a median price of RM 519K and a median price per square foot (PSF) of RM 119.

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 519K, with most transactions falling within a stable range of RM 499K to RM 539K, and a typical market range of RM 496K to RM 542K.

Most transactions involved detached, with minimal variety in property types.

For price per square foot, the median is RM 119, with most transactions between RM 113 and RM 125. The usual range is RM 113.75 to RM 124.25, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 10.50 and an average deviation (MAD) of RM 6 indicate a highly stable PSF trend across properties.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.

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TAMAN ORKID INDAH, Seberang Perai Utara, Penang

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