Penang
Barat Daya
12
TAMAN SRI BAYAN

TAMAN SRI BAYAN

Area Intelligence

2024

Median Price

RM 560,000

PSF: RM 714

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Residential PSF Trends

Median Price

RM 530,000

PSF: RM 714

Commercial PSF Trends

Median Price

RM 1,250,000

RM 1,249 PSF

TAMAN SRI BAYAN in Barat Daya, Penang recorded 4 subsale transactions in 2024, with a median price of RM 560K and a median price per square foot (PSF) of RM 714.

This area contains both residential and commercial properties. View 5 residential properties or 5 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 560K, with most transactions falling within a stable range of RM 532K to RM 588K, and a typical market range of RM 530K to RM 590K.

Most transactions involved 2 - 2 1/2 storey shop, with moderate diversity in property types available.

For price per square foot, the median is RM 714, with most transactions between RM 671 and RM 757. The usual range is RM 677.13 to RM 750.88, showing that most units are priced quite close to each other. With an IQR of RM 73.75 and MAD of RM 43, 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.

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TAMAN SRI BAYAN, Barat Daya, Penang

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