TAMAN BAGAN JERMAL in Seberang Perai Utara, Penang recorded 16 subsale transactions in 2022, with a median price of RM 250K and a median price per square foot (PSF) of RM 267.
This area contains both residential and commercial properties. View 51 residential properties or 3 commercial properties separately for more focused analysis.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 250K, with most transactions falling within a stable range of RM 201K to RM 299K, and a typical market range of RM 206K to RM 294K.
Most transactions involved flats, though some variety exists in the market.
The median PSF stands at RM 267, with core pricing between RM 220 and RM 313. Market pricing typically extends from RM 227.75 to RM 305.25, reflecting moderate variation in unit pricing. The spread of RM 77.50 (IQR) and deviation of RM 47 (MAD) suggest moderate price variations reflecting different property features.
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.
