TAMAN ILMU

Area Intelligence

2023

Median Price

RM 200,000

PSF: RM 251

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Residential PSF Trends

Median Price

RM 200,000

PSF: RM 251

TAMAN ILMU in Seberang Perai Selatan, Penang recorded 3 subsale transactions in 2023, with a median price of RM 200K and a median price per square foot (PSF) of RM 251.

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 200K, with most transactions falling within a stable range of RM 195K to RM 200K, and a typical market range of RM 190K to RM 200K.

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 251, with most transactions between RM 245 and RM 257. The usual range is RM 208.13 to RM 293.88, showing that most units are priced quite close to each other. With an IQR of RM 85.75 and MAD of RM 6, the PSF demonstrates reasonable consistency across the market.

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 ILMU, Seberang Perai Selatan, Penang

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