Penang
Seberang Perai Utara
8
TAMAN ORKID (MK 8)

TAMAN ORKID (MK 8)

Area Intelligence

2022

Median Price

RM 250,000

PSF: RM 158

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Residential PSF Trends

Median Price

RM 250,000

PSF: RM 158

TAMAN ORKID (MK 8) in Seberang Perai Utara, Penang recorded 3 subsale transactions in 2022, with a median price of RM 250K and a median price per square foot (PSF) of RM 158.

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 250K, with most transactions falling within a stable range of RM 210K to RM 260K, and a typical market range of RM 211K to RM 260K.

Most transactions involved 1 - 1 1/2 storey terraced, though some variety exists in the market.

Price per square foot shows a median of RM 158, though individual units vary from RM 120 to RM 196 in the core range. The broader market spans RM 147.00 to RM 169.00, indicating diverse property characteristics. The spread of RM 22.00 (IQR) and deviation of RM 38 (MAD) suggest moderate price variations reflecting different property features.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.

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TAMAN ORKID (MK 8), Seberang Perai Utara, Penang

OSM

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Transactions

3 transactions found

Popular Ranges

Under RM 300k RM 300k - 500k RM 500k - 750k RM 750k - 1M RM 1M - 2M RM 2M+

Custom Range

Min Price (RM)

Max Price (RM)

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Size Range (sqft)

Popular Ranges

Under 1,000 sqft 1,000 - 2,000 sqft 2,000 - 3,000 sqft 3,000 - 5,000 sqft 5,000 - 10,000 sqft 10,000+ sqft

Custom Range

Min Size (sqft)

Max Size (sqft)

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RM 250,000

JALAN ORKID

1,227 sqft • RM 204.00 PSF

Nov 2022

RM 260,000

JALAN ORKID

2,336 sqft • RM 111.00 PSF

Jul 2022

RM 170,000

JALAN ORKID

1,076 sqft • RM 158.00 PSF

May 2022

Road	Price	Land PSF	Land	Date	Type
JALAN ORKID	RM 250,000	RM 204.00	1,227 sqft	Nov 2022	Single Storey Terraced
JALAN ORKID	RM 260,000	RM 111.00	2,336 sqft	Jul 2022	Single Storey Terraced
JALAN ORKID	RM 170,000	RM 158.00	1,076 sqft	May 2022	Low-Cost House