TAMAN ILMU

Area Intelligence

2021

Median Price

RM 500,000

PSF: RM 179

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Residential PSF Trends

Median Price

RM 500,000

PSF: RM 179

TAMAN ILMU in Seberang Perai Selatan, Penang recorded 3 subsale transactions in 2021, with a median price of RM 500K and a median price per square foot (PSF) of RM 179.

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 500K, with most transactions falling within a stable range of RM 388K to RM 500K, and a typical market range of RM 417K to RM 500K.

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

For price per square foot, the median is RM 179, with most transactions between RM 163 and RM 195. The usual range is RM 136.13 to RM 221.88, showing that most units are priced quite close to each other. With an IQR of RM 85.75 and MAD of RM 16, the PSF demonstrates reasonable consistency across the market.

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 ILMU, Seberang Perai Selatan, Penang

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