TAMAN ORKID (MK 8)

TAMAN ORKID (MK 8) in Seberang Perai Utara, Penang recorded 2 subsale transactions in 2024, with a median price of RM 258K and a median price per square foot (PSF) of RM 165.

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 258K, with most transactions falling within a stable range of RM 220K to RM 295K, and a typical market range of RM 218K to RM 297K.

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

For price per square foot, the median is RM 165, with most transactions between RM 152 and RM 179. The usual range is RM 154.00 to RM 176.00, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 22.00 and an average deviation (MAD) of RM 14 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. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.