Penang
Seberang Perai Selatan
7
TAMAN SERI BAYU

TAMAN SERI BAYU

Area Intelligence

2024

Median Price

RM 135,000

PSF: RM 221

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Residential PSF Trends

Median Price

RM 135,000

PSF: RM 221

TAMAN SERI BAYU in Seberang Perai Selatan, Penang recorded 2 subsale transactions in 2024, with a median price of RM 135K and a median price per square foot (PSF) of RM 221.

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 135K, with most transactions falling within a stable range of RM 100K to RM 170K, and a typical market range of RM 100K to RM 170K.

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 221, though individual units vary from RM 160 to RM 282 in the core range. The broader market spans RM 166.38 to RM 275.63, indicating diverse property characteristics. A wider spread (IQR: RM 109.25) and deviation (MAD: RM 61) 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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.

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TAMAN SERI BAYU, Seberang Perai Selatan, Penang

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