TAMAN SRI BAYAN (BENCON)

TAMAN SRI BAYAN (BENCON) in Barat Daya, Penang recorded 8 subsale transactions in 2023, with a median price of RM 183K and a median price per square foot (PSF) of RM 341.

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 183K, with most transactions falling within a stable range of RM 161K to RM 200K, and a typical market range of RM 168K to RM 197K.

Most transactions involved low-cost flat, with minimal variety in property types.

The median PSF stands at RM 341, with core pricing between RM 301 and RM 380. Market pricing typically extends from RM 317.13 to RM 363.88, reflecting moderate variation in unit pricing. With an IQR of RM 46.75 and MAD of RM 40, the PSF demonstrates reasonable consistency across the market.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.