Taman Seri Relau

Taman Sri Relau, Bayan Lepas, Pulau Pinang, Malaysia

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Taman Seri Relau
© OpenStreetMap · CARTO

Taman Sri Relau, Bayan Lepas, Pulau Pinang, Malaysia

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Taman Seri Relau in Timur Laut, Penang recorded 0 subsale transactions in 2021, with a median price of RM2.45 million and a median price per square foot (PSF) of RM337.

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 RM2.45 million, with most transactions falling within a stable range of RM1.40 million to RM3.50 million, and a typical market range of RM1.93 million to RM2.98 million.

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

The median PSF stands at RM337, with core pricing between RM286 and RM387. Market pricing typically extends from RM311.25 to RM361.75, reflecting moderate variation in unit pricing. The spread of RM50.50 (IQR) and deviation of RM51 (MAD) suggest moderate price variations reflecting different property features.

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.