TMN ORKID (MK 8)

TMN ORKID (MK 8) in Seberang Perai Utara, Penang recorded 3 subsale transactions in 2022, with a median price of RM 250K and a median price per square foot (PSF) of RM 158.

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 250K, with most transactions falling within a stable range of RM 210K to RM 260K, and a typical market range of RM 211K to RM 260K.

Most transactions involved 1 - 1 1/2 storey terraced, though some variety exists in the market.

Price per square foot shows a median of RM 158, though individual units vary from RM 120 to RM 196 in the core range. The broader market spans RM 147.00 to RM 169.00, indicating diverse property characteristics. The spread of RM 22.00 (IQR) and deviation of RM 38 (MAD) suggest moderate price variations reflecting different property features.

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.