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 415K to RM 586K, and a typical market range of RM 417K to RM 583K.
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 179, though individual units vary from RM 137 to RM 221 in the core range. The broader market spans RM 136.13 to RM 221.88, indicating diverse property characteristics. The spread of RM 85.75 (IQR) and deviation of RM 42 (MAD) suggest moderate price variations reflecting different property features.
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.
