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 262.

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.

Price per square foot shows a median of RM 262, though individual units vary from RM 180 to RM 344 in the core range. The broader market spans RM 100.46 to RM 422.96, indicating diverse property characteristics. A wider spread (IQR: RM 322.50) and deviation (MAD: RM 82) indicate significant PSF variations, likely due to diverse property types or conditions.

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.