TAMAN GAMELAN

Area Intelligence

2022

Median Price

RM 475,000

PSF: RM 398

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Residential PSF Trends

Median Price

RM 400,000

PSF: RM 335

Commercial PSF Trends

Median Price

RM 550,000

RM 460 PSF

TAMAN GAMELAN in Seberang Perai Selatan, Penang recorded 2 subsale transactions in 2022, with a median price of RM 475K and a median price per square foot (PSF) of RM 398.

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 475K, with most transactions falling within a stable range of RM 400K to RM 550K, and a typical market range of RM 400K to RM 550K.

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

The median PSF stands at RM 398, with core pricing between RM 335 and RM 460. Market pricing typically extends from RM 316.63 to RM 478.38, reflecting moderate variation in unit pricing. The spread of RM 161.75 (IQR) and deviation of RM 63 (MAD) suggest moderate price variations reflecting different property features.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.

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TAMAN GAMELAN, Seberang Perai Selatan, Penang

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