TAMAN ILMU in Seberang Perai Selatan, Penang recorded 10 subsale transactions in 2022, with a median price of RM 410K and a median price per square foot (PSF) of RM 266.
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 410K, with most transactions falling within a stable range of RM 325K to RM 496K, and a typical market range of RM 327K to RM 493K.
Most transactions involved 2 - 2 1/2 storey terraced, with high diversity across multiple property types.
The median PSF stands at RM 266, with core pricing between RM 224 and RM 308. Market pricing typically extends from RM 223.13 to RM 308.88, 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.
