Penang
Seberang Perai Selatan
11
TAMAN CENDERAWASIH INDAH

TAMAN CENDERAWASIH INDAH

Area Intelligence

2022

Median Price

RM 400,000

PSF: RM 292

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Residential PSF Trends

Median Price

RM 394,000

PSF: RM 265

Commercial PSF Trends

Median Price

RM 495,000

RM 354 PSF

TAMAN CENDERAWASIH INDAH in Seberang Perai Selatan, Penang recorded 10 subsale transactions in 2022, with a median price of RM 400K and a median price per square foot (PSF) of RM 292.

This area contains both residential and commercial properties. View 18 residential properties or 2 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 400K, with most transactions falling within a stable range of RM 290K to RM 300K, and a typical market range of RM 318K to RM 300K.

Most transactions involved 2 - 2 1/2 storey terraced, with high diversity across multiple property types.

For price per square foot, the median is RM 292, with most transactions between RM 288 and RM 297. The usual range is RM 207.00 to RM 377.00, showing that most units are priced quite close to each other. With an IQR of RM 170.00 and MAD of RM 5, 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 CENDERAWASIH INDAH, Seberang Perai Selatan, Penang

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