SERI SEMARAK in Timur Laut, Penang recorded 15 subsale transactions in 2024, with a median price of RM 250K and a median price per square foot (PSF) of RM 446.
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 250K, with most transactions falling within a stable range of RM 153K to RM 347K, and a typical market range of RM 163K to RM 337K.
Most transactions involved flats, though some variety exists in the market.
The median PSF stands at RM 446, with core pricing between RM 359 and RM 533. Market pricing typically extends from RM 397.88 to RM 494.13, reflecting moderate variation in unit pricing. The spread of RM 96.25 (IQR) and deviation of RM 87 (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.
