Penang
Seberang Perai Selatan
7
TAMAN SERI BAYU

TAMAN SERI BAYU

Area Intelligence

2023

Median Price

RM 395,000

PSF: RM 316

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Residential PSF Trends

Median Price

RM 395,000

PSF: RM 316

TAMAN SERI BAYU in Seberang Perai Selatan, Penang recorded 2 subsale transactions in 2023, with a median price of RM 395K and a median price per square foot (PSF) of RM 316.

This area consists exclusively of residential properties, with no commercial listings recorded.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 395K, with most transactions falling within a stable range of RM 325K to RM 465K, and a typical market range of RM 325K to RM 465K.

Most transactions involved 2 - 2 1/2 storey terraced, with high diversity across multiple property types.

Price per square foot shows a median of RM 316, though individual units vary from RM 245 to RM 386 in the core range. The broader market spans RM 260.88 to RM 370.13, indicating diverse property characteristics. The spread of RM 109.25 (IQR) and deviation of RM 71 (MAD) suggest moderate price variations reflecting different property features.

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 SERI BAYU, Seberang Perai Selatan, Penang

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