PEKAN SUNGAI BAKAP

PEKAN SUNGAI BAKAP in Seberang Perai Selatan, Penang recorded 2 subsale transactions in 2022, with a median price of RM 325K and a median price per square foot (PSF) of RM 58.

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 325K, with most transactions falling within a stable range of RM 319K to RM 330K, and a typical market range of RM 319K to RM 330K.

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

Price per square foot shows a median of RM 58, though individual units vary from RM 13 to RM 103 in the core range. The broader market spans RM 0.00 to RM 224.50, indicating diverse property characteristics. A wider spread (IQR: RM 333.00) and deviation (MAD: RM 45) indicate significant PSF variations, likely due to diverse property types or conditions.

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.