PANGSAPURI MAWAR in Seberang Perai Utara, Penang recorded 5 subsale transactions in 2022, with a median price of RM 185K and a median price per square foot (PSF) of RM 282.
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 185K, with most transactions falling within a stable range of RM 134K to RM 237K, and a typical market range of RM 137K to RM 233K.
Most transactions involved condominium/apartment, with minimal variety in property types.
For price per square foot, the median is RM 282, with most transactions between RM 254 and RM 310. The usual range is RM 256.63 to RM 307.38, showing that most units are priced quite close to each other. With an IQR of RM 50.75 and MAD of RM 28, the PSF demonstrates reasonable consistency across the market.
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.
