SERI SEMARAK in Timur Laut, Penang recorded 16 subsale transactions in 2022, with a median price of RM 365K and a median price per square foot (PSF) of RM 465.
This area contains both residential and commercial properties. View 58 residential properties or 2 commercial properties separately for more focused analysis.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 365K, with most transactions falling within a stable range of RM 305K to RM 425K, and a typical market range of RM 278K to RM 452K.
Most transactions involved flats, though some variety exists in the market.
For price per square foot, the median is RM 465, with most transactions between RM 424 and RM 507. The usual range is RM 416.88 to RM 513.13, showing that most units are priced quite close to each other. With an IQR of RM 96.25 and MAD of RM 42, 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.
