Penang
Seberang Perai Selatan
13
TAMAN NILAM TANJUNG

TAMAN NILAM TANJUNG

Area Intelligence

2022

Median Price

RM 325,000

PSF: RM 221

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Residential PSF Trends

Median Price

RM 325,000

PSF: RM 221

TAMAN NILAM TANJUNG in Seberang Perai Selatan, Penang recorded 3 subsale transactions in 2022, with a median price of RM 325K and a median price per square foot (PSF) of RM 221.

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 325K, with most transactions falling within a stable range of RM 320K to RM 338K, and a typical market range of RM 320K to RM 350K.

Most transactions involved 1 - 1 1/2 storey terraced, though some variety exists in the market.

For price per square foot, the median is RM 221, with most transactions between RM 210 and RM 232. The usual range is RM 204.00 to RM 238.00, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 34.00 and an average deviation (MAD) of RM 11 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. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.

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TAMAN NILAM TANJUNG, Seberang Perai Selatan, Penang

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