TAMAN PEKAKA in Timur Laut, Penang recorded 12 subsale transactions in 2022, with a median price of RM 328K and a median price per square foot (PSF) of RM 429.
This area contains both residential and commercial properties. View 58 residential properties or 1 commercial properties separately for more focused analysis.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 328K, with most transactions falling within a stable range of RM 278K to RM 378K, and a typical market range of RM 193K to RM 463K.
Most transactions involved flats, though some variety exists in the market.
For price per square foot, the median is RM 429, with most transactions between RM 396 and RM 462. The usual range is RM 400.00 to RM 458.00, showing that most units are priced quite close to each other. With an IQR of RM 58.00 and MAD of RM 33, 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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.
