TAMAN ORKID INDAH

TAMAN ORKID INDAH in Seberang Perai Utara, Penang recorded 2 subsale transactions in 2022, with a median price of RM 545K and a median price per square foot (PSF) of RM 133.

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 545K, with most transactions falling within a stable range of RM 499K to RM 590K, and a typical market range of RM 522K to RM 567K.

Most transactions involved detached, with minimal variety in property types.

For price per square foot, the median is RM 133, with most transactions between RM 125 and RM 140. The usual range is RM 127.25 to RM 137.75, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 10.50 and an average deviation (MAD) of RM 8 indicate a highly stable PSF trend across properties.

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.