TAMAN CENDERAWASIH in Seberang Perai Selatan, Penang recorded 11 subsale transactions in 2022, with a median price of RM 180K and a median price per square foot (PSF) of RM 188.
This area contains both residential and commercial properties. View 27 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 180K, with most transactions falling within a stable range of RM 134K to RM 226K, and a typical market range of RM 130K to RM 235K.
Most transactions involved 1 - 1 1/2 storey terraced, with moderate diversity in property types available.
Price per square foot shows a median of RM 188, though individual units vary from RM 147 to RM 229 in the core range. The broader market spans RM 141.00 to RM 235.00, indicating diverse property characteristics. The spread of RM 94.00 (IQR) and deviation of RM 41 (MAD) suggest moderate price variations reflecting different property features.
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.
