OREN BM Transaction Price & PSF
OREN BM Condominium/Apartment Residential Property Market | residential | Data through August 2025
This market article examines the residential segment for Condominium/Apartment within the OREN BM scheme in Pulau Pinang, aiming to explain how to read the transaction data and the scheme's benchmarks without implying guaranteed outcomes.
Market overview
Within the Seberang Perai Tengah district, the residential market represented in this dataset shows that Condominium/Apartment is the central focus of observed activity under the OREN BM scheme. The data pattern indicates the scheme and district are the most represented pathway among recorded transactions, while other property types are less represented. Readers should treat these patterns as context for comparison with other market segments rather than as a forecast, and they should compare this property type separately from others.
Property type benchmarks
The figures below are calculated from transaction records in the PropMedian database. Median PSF is shown only where sufficient parcel area data is available.
Condominium/Apartment
In this dataset, Condominium/Apartment forms the core of activity within the residential segment. It commonly includes units in mid to high density developments within the OREN BM scheme, and this category serves as a reference point for understanding the current market focus in Seberang Perai Tengah.
How to interpret this market
Readers can use the transaction benchmarks as relative references when evaluating similar properties within the same scheme and district. Individual properties may differ in features, condition and location, so outcomes can vary from benchmark readings. Avoid treating benchmarks as guarantees about future results.
Explore the underlying market
View the PropMedian property-data hub for this district to explore available property types and transaction benchmarks.
View Seberang Perai Tengah property dataFrequently asked questions
What does this market snapshot cover for OREN BM in Seberang Perai Tengah?
It covers the residential segment for Condominium/Apartment within the OREN BM scheme in Pulau Pinang, focusing on observed transactions and how to interpret the transaction benchmark.
How should I use the transaction benchmark when evaluating a property?
Use it as a relative reference within the same scheme and district, and compare like with like while acknowledging that individual properties may differ in features.
What cautions should I keep in mind when reading this dataset?
Transaction data reflects observed activity and is not a forecast of future movements; it does not constitute a recommendation.
Summary
Different property categories should be compared separately, and transaction benchmarks should be used to contextualize observed activity rather than to predict outcomes.
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Methodology
Median transaction price for the selected market scope.
Parcel PSF is the median of valid transaction-level parcel PSF values, not median price divided by median area.
Unavailable measurements are not estimated or inferred.
Parcel PSF is displayed when there are at least 10 valid PSF observations and coverage is at least 25%.