Penang
Barat Daya
11
TAMAN VANILA

TAMAN VANILA

Area Intelligence

2023

Median Price

RM 625,000

PSF: RM 569

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Residential PSF Trends

Median Price

RM 625,000

PSF: RM 569

TAMAN VANILA in Barat Daya, Penang recorded 3 subsale transactions in 2023, with a median price of RM 625K and a median price per square foot (PSF) of RM 569.

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 625K, with most transactions falling within a stable range of RM 407K to RM 640K, and a typical market range of RM 458K to RM 640K.

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

Price per square foot shows a median of RM 569, though individual units vary from RM 424 to RM 714 in the core range. The broader market spans RM 466.13 to RM 671.88, indicating diverse property characteristics. A wider spread (IQR: RM 205.75) and deviation (MAD: RM 145) indicate significant PSF variations, likely due to diverse property types or conditions.

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.

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TAMAN VANILA, Barat Daya, Penang

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