TAMAN SRI PERAK

TAMAN SRI PERAK in Timur Laut, Penang recorded 2 subsale transactions in 2023, with a median price of RM 270K and a median price per square foot (PSF) of RM 445.

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 270K, with most transactions falling within a stable range of RM 200K to RM 340K, and a typical market range of RM 215K to RM 325K.

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

For price per square foot, the median is RM 445, with most transactions between RM 404 and RM 486. The usual range is RM 409.00 to RM 481.00, showing that most units are priced quite close to each other. With an IQR of RM 72.00 and MAD of RM 41, the PSF demonstrates reasonable consistency across the market.

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.