Area Intelligence

PEKAN SUNGAI BAKAP

5 properties
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Median Price
RM 500,000
PSF: RM 103

Residential Market

Median Price

RM 452,000

IQR: RM 6
MAD: RM 6
RM 19 PSF 45.8%

PSF Trends (2021-2025)

Commercial Market

Median Price

RM 500,000

RM 357 PSF

PSF Trends (2021-2025)

PROPERTY TYPES OVERVIEW

PEKAN SUNGAI BAKAP in Seberang Perai Selatan, Penang recorded 5 subsale transactions between 2021 and 2025, with a median price of RM 500K and a median price per square foot (PSF) of RM 103.

This area contains both residential and commercial properties. View 2 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 500K, with most transactions falling within a stable range of RM 415K to RM 585K, and a typical market range of RM 415K to RM 585K.

Most transactions involved detached, with high diversity across multiple property types.

Price per square foot shows a median of RM 103, though individual units vary from RM 13 to RM 193 in the core range. The broader market spans RM 0.00 to RM 269.50, indicating diverse property characteristics. A wider spread (IQR: RM 333.00) and deviation (MAD: RM 90) indicate significant PSF variations, likely due to diverse property types or conditions.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.

Area Location

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PEKAN SUNGAI BAKAP, Seberang Perai Selatan, Penang

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Transactions

5 properties grouped by size

1,400 sqft
2 units Double Storey Shop
RM 500,000
JLN BESAR SG. BAKAP
1,399 sqft · RM 357.00 PSF
May 2023
RM 500,000
JLN BESAR/SG. JAWI
1,399 sqft · RM 357.00 PSF
May 2023
3,200 sqft
1 units Single Storey Semi-D
RM 330,000
OFF JLN . SG. DURI
3,197 sqft · RM 103.00 PSF
Sep 2022
23,800 sqft
1 units Detached
RM 319,000
OFF JLN SG.BAKAP
23,822 sqft · RM 13.00 PSF
Jan 2022
24,300 sqft
1 units Detached
RM 585,000
JLN SENTOSA
24,316 sqft · RM 24.00 PSF
Nov 2021