TAMAN BELIBIS

Area Intelligence

2023

Median Price

RM 280,000

PSF: RM 246

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Residential PSF Trends

Median Price

RM 280,000

PSF: RM 240

Commercial PSF Trends

Median Price

RM 700,000

RM 586 PSF

TAMAN BELIBIS in Seberang Perai Selatan, Penang recorded 15 subsale transactions in 2023, with a median price of RM 280K and a median price per square foot (PSF) of RM 246.

This area contains both residential and commercial properties. View 37 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 280K, with most transactions falling within a stable range of RM 300K to RM 302K, and a typical market range of RM 300K to RM 360K.

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

The median PSF stands at RM 246, with core pricing between RM 215 and RM 277. Market pricing typically extends from RM 187.25 to RM 304.75, reflecting moderate variation in unit pricing. With an IQR of RM 117.50 and MAD of RM 31, 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 BELIBIS, Seberang Perai Selatan, Penang

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