TAMAN CEGAR

Area Intelligence

2023

Median Price

RM 480,000

PSF: RM 409

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Residential PSF Trends

Median Price

RM 280,000

PSF: RM 253

Commercial PSF Trends

Median Price

RM 680,000

RM 564 PSF

TAMAN CEGAR in Seberang Perai Selatan, Penang recorded 2 subsale transactions in 2023, with a median price of RM 480K and a median price per square foot (PSF) of RM 409.

This area contains both residential and commercial properties. View 8 residential properties or 2 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat.

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

For price per square foot, the median is RM 409, with most transactions between RM 409 and RM 409. The usual range is RM 375.63 to RM 441.38, showing that most units are priced quite close to each other. With an IQR of RM 65.75 and MAD of RM 0, 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 CEGAR, Seberang Perai Selatan, Penang

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