Penang
Seberang Perai Utara
8
TAMAN ORKID (MK 8)

TAMAN ORKID (MK 8)

Area Intelligence

2022

Median Price

RM 210,000

PSF: RM 181

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Residential PSF Trends

Median Price

RM 210,000

PSF: RM 181

TAMAN ORKID (MK 8) in Seberang Perai Utara, Penang recorded 2 subsale transactions in 2022, with a median price of RM 210K and a median price per square foot (PSF) of RM 181.

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 210K, with most transactions falling within a stable range of RM 170K to RM 250K, and a typical market range of RM 171K to RM 249K.

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

The median PSF stands at RM 181, with core pricing between RM 158 and RM 204. Market pricing typically extends from RM 170.00 to RM 192.00, reflecting moderate variation in unit pricing. With an IQR of RM 22.00 and MAD of RM 23, the PSF demonstrates reasonable consistency across the market.

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

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