TAMAN SERI BAYAN

TAMAN SERI BAYAN in Seberang Perai Selatan, Penang recorded 2 subsale transactions in 2022, with a median price of RM 420K and a median price per square foot (PSF) of RM 352.

This area consists exclusively of residential properties, with no commercial listings recorded.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 420K, with most transactions falling within a stable range of RM 390K to RM 450K, and a typical market range of RM 392K to RM 448K.

Most transactions involved 2 - 2 1/2 storey terraced, with minimal variety in property types.

For price per square foot, the median is RM 352, with most transactions between RM 326 and RM 377. The usual range is RM 318.38 to RM 384.63, showing that most units are priced quite close to each other. With an IQR of RM 66.25 and MAD of RM 26, 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. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.