TAMAN IDAMAN

Area Intelligence

2023

Median Price

RM 640,000

PSF: RM 213

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Residential PSF Trends

Median Price

RM 640,000

PSF: RM 213

Commercial PSF Trends

Median Price

RM 565,000

RM 371 PSF

TAMAN IDAMAN in Seberang Perai Selatan, Penang recorded 2 subsale transactions in 2023, with a median price of RM 640K and a median price per square foot (PSF) of RM 213.

This area contains both residential and commercial properties. View 57 residential properties or 10 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 640K, with most transactions falling within a stable range of RM 600K to RM 680K, and a typical market range of RM 600K to RM 680K.

Most transactions involved low-cost flat, with high diversity across multiple property types.

For price per square foot, the median is RM 213, with most transactions between RM 200 and RM 226. The usual range is RM 133.75 to RM 292.25, showing that most units are priced quite close to each other. With an IQR of RM 158.50 and MAD of RM 13, 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 IDAMAN, Seberang Perai Selatan, Penang

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