Penang
Seberang Perai Selatan
11
TAMAN SERI IPIL

TAMAN SERI IPIL

Area Intelligence

2023

Median Price

RM 474,000

PSF: RM 202

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Residential PSF Trends

Median Price

RM 474,000

PSF: RM 202

TAMAN SERI IPIL in Seberang Perai Selatan, Penang recorded 8 subsale transactions in 2023, with a median price of RM 474K and a median price per square foot (PSF) of RM 202.

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 474K, with most transactions falling within a stable range of RM 520K to RM 516K, and a typical market range of RM 520K to RM 509K.

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

For price per square foot, the median is RM 202, with most transactions between RM 196 and RM 207. The usual range is RM 183.75 to RM 219.25, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 35.50 and an average deviation (MAD) of RM 5 indicate a highly stable PSF trend across properties.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Despite diverse property types, prices remain relatively stable, offering options for different buyer preferences. Limited transaction history suggests carefully evaluating comparable sales data.

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TAMAN SERI IPIL, Seberang Perai Selatan, Penang

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