TAMAN ORKID (MK 8) in Seberang Perai Utara, Penang recorded 1 subsale transactions in 2023, with a median price of RM 170K and a median price per square foot (PSF) of RM 152.
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 170K, with most transactions falling within a stable range of RM 133K to RM 208K, and a typical market range of RM 131K to RM 209K.
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 152, with most transactions between RM 139 and RM 166. The usual range is RM 141.00 to RM 163.00, 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.
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.
