TAMAN CEGAR in Seberang Perai Selatan, Penang recorded 6 subsale transactions in 2022, with a median price of RM 315K and a median price per square foot (PSF) of RM 268.
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. The median price is RM 315K, with most transactions falling within a stable range of RM 270K to RM 360K, and a typical market range of RM 150K to RM 480K.
Most transactions involved 1 - 1 1/2 storey terraced, with high diversity across multiple property types.
The median PSF stands at RM 268, with core pricing between RM 231 and RM 306. Market pricing typically extends from RM 235.13 to RM 300.88, reflecting moderate variation in unit pricing. With an IQR of RM 65.75 and MAD of RM 38, 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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.
