TAMAN ILMU in Seberang Perai Selatan, Penang recorded 8 subsale transactions in 2024, with a median price of RM 325K and a median price per square foot (PSF) of RM 261.
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 325K, with most transactions falling within a stable range of RM 240K to RM 411K, and a typical market range of RM 242K to RM 408K.
Most transactions involved 2 - 2 1/2 storey terraced, with high diversity across multiple property types.
The median PSF stands at RM 261, with core pricing between RM 219 and RM 303. Market pricing typically extends from RM 218.13 to RM 303.88, reflecting moderate variation in unit pricing. The spread of RM 85.75 (IQR) and deviation of RM 42 (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.
