TAMAN ORKID PERMAI

TAMAN ORKID PERMAI in Seberang Perai Utara, Penang recorded 2 subsale transactions in 2022, with a median price of RM 375K and a median price per square foot (PSF) of RM 129.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 375K, with most transactions falling within a stable range of RM 350K to RM 400K, and a typical market range of RM 360K to RM 390K.

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

For price per square foot, the median is RM 129, with most transactions between RM 118 and RM 140. The usual range is RM 114.50 to RM 143.50, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 29.00 and an average deviation (MAD) of RM 11 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.