TAMAN GAMELAN in Seberang Perai Selatan, Penang recorded 3 subsale transactions in 2023, with a median price of RM 300K and a median price per square foot (PSF) of RM 254.
This area contains both residential and commercial properties. View 4 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 300K, with most transactions falling within a stable range of RM 210K to RM 390K, and a typical market range of RM 191K to RM 409K.
Most transactions involved low-cost house, with high diversity across multiple property types.
Price per square foot shows a median of RM 254, though individual units vary from RM 189 to RM 320 in the core range. The broader market spans RM 173.13 to RM 334.88, indicating diverse property characteristics. A wider spread (IQR: RM 161.75) and deviation (MAD: RM 66) indicate significant PSF variations, likely due to diverse property types or conditions.
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.
