TAMAN CENDERAWASIH in Seberang Perai Selatan, Penang recorded 6 subsale transactions in 2023, with a median price of RM 285K and a median price per square foot (PSF) of RM 207.
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 285K, with most transactions falling within a stable range of RM 225K to RM 345K, and a typical market range of RM 230K to RM 340K.
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 207, though individual units vary from RM 157 to RM 257 in the core range. The broader market spans RM 159.50 to RM 253.50, indicating diverse property characteristics. The spread of RM 94.00 (IQR) and deviation of RM 50 (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.
