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. The median price is RM 1.25 million, with most transactions falling within a stable range of RM 903K to RM 1.60 million, and a typical market range of RM 1.08 million to RM 1.43 million.

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

For price per square foot, the median is RM 604, with most transactions between RM 563 and RM 645. The usual range is RM 442.75 to RM 765.25, showing that most units are priced quite close to each other. With an IQR of RM 322.50 and MAD of RM 41, 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.