Penang
Seberang Perai Selatan
14
TAMAN BAGAN TAMBUN

TAMAN BAGAN TAMBUN

Area Intelligence

2023

Median Price

RM 702,500

PSF: RM 268

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Residential PSF Trends

Median Price

RM 702,500

PSF: RM 268

Commercial PSF Trends

Median Price

RM 1,430,000

RM 885 PSF

TAMAN BAGAN TAMBUN in Seberang Perai Selatan, Penang recorded 2 subsale transactions in 2023, with a median price of RM 703K and a median price per square foot (PSF) of RM 268.

This area contains both residential and commercial properties. View 7 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 703K, with most transactions falling within a stable range of RM 680K to RM 725K, and a typical market range of RM 680K to RM 725K.

Most transactions involved 2 - 2 1/2 storey semi-detached, with moderate diversity in property types available.

For price per square foot, the median is RM 268, with most transactions between RM 259 and RM 276. The usual range is RM 255.00 to RM 280.00, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 25.00 and an average deviation (MAD) of RM 9 indicate a highly stable PSF trend across properties.

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 BAGAN TAMBUN, Seberang Perai Selatan, Penang

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