TMN SUNGAI BAKAP PERMAI

TMN SUNGAI BAKAP PERMAI in Seberang Perai Selatan, Penang recorded 9 subsale transactions in 2023, with a median price of RM 400K and a median price per square foot (PSF) of RM 319.

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 400K, with most transactions falling within a stable range of RM 340K to RM 460K, and a typical market range of RM 340K to RM 550K.

Most transactions involved 2 - 2 1/2 storey terraced, with high diversity across multiple property types.

The median PSF stands at RM 319, with core pricing between RM 261 and RM 377. Market pricing typically extends from RM 233.75 to RM 404.25, reflecting moderate variation in unit pricing. The spread of RM 170.50 (IQR) and deviation of RM 58 (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.