TAMAN BUNGA MERAH

TAMAN BUNGA MERAH in Seberang Perai Utara, Penang recorded 2 subsale transactions in 2023, with a median price of RM 1.25 million and a median price per square foot (PSF) of RM 604.

This area consists exclusively of commercial properties, with no residential listings recorded.

Price remained flat, and PSF growth was PSF remained flat.

Most transactions involved 2 - 2 1/2 storey shop, with high diversity across multiple property types.

The median PSF stands at RM 604, with core pricing between RM 522 and RM 686. Market pricing typically extends from RM 442.75 to RM 765.25, reflecting moderate variation in unit pricing. With an IQR of RM 322.50 and MAD of RM 82, 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.