TAMAN ILMU

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 357K to RM 300K, and a typical market range of RM 327K to RM 300K.

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 266, with most transactions between RM 250 and RM 282. The usual range is RM 223.13 to RM 308.88, 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.