SERI SEMARAK

Area Intelligence
2022
Median Price
RM 365,000
PSF: RM 465

Residential PSF Trends

Median Price

RM 365,000

PSF: RM 465

Commercial PSF Trends

Median Price

RM 178,000

RM 331 PSF

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 266K to RM 445K, and a typical market range of RM 278K to RM 445K.

Most transactions involved flats, though some variety exists in the market.

The median PSF stands at RM 465, with core pricing between RM 386 and RM 544. Market pricing typically extends from RM 416.88 to RM 513.13, reflecting moderate variation in unit pricing. The spread of RM 96.25 (IQR) and deviation of RM 79 (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.

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SERI SEMARAK, Timur Laut, Penang

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Transactions

16 transactions grouped by size

550 sqft
RM 200,000
Level 12
538 sqft · RM 372 PSF
RM 175,000
Level 9
538 sqft · RM 325 PSF
RM 192,000
Level 16
538 sqft · RM 357 PSF
RM 180,000
Level 12
538 sqft · RM 334 PSF
RM 178,000
Level 1
538 sqft · RM 331 PSF
800 sqft
Flat
RM 380,000
Level 4
786 sqft · RM 484 PSF
RM 445,000
Level 11
786 sqft · RM 566 PSF
RM 365,000
Level 12
786 sqft · RM 465 PSF
RM 350,000
Level 5
786 sqft · RM 445 PSF
RM 430,000
Level 8
786 sqft · RM 547 PSF
RM 420,000
Level 7
786 sqft · RM 535 PSF

No Properties For Sale

There are currently no properties listed for sale in this area.

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