TAMAN ORKID PERMAI

TAMAN ORKID PERMAI in Seberang Perai Utara, Penang recorded 2 subsale transactions in 2022, with a median price of RM 375K and a median price per square foot (PSF) of RM 129.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 375K, with most transactions falling within a stable range of RM 365K to RM 385K, and a typical market range of RM 360K to RM 390K.

Most transactions involved 1 - 1 1/2 storey semi-detached, with minimal variety in property types.

The median PSF stands at RM 129, with core pricing between RM 107 and RM 151. Market pricing typically extends from RM 114.50 to RM 143.50, reflecting moderate variation in unit pricing. The spread of RM 29.00 (IQR) and deviation of RM 22 (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. 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.