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 324K to RM 430K, and a typical market range of RM 327K to RM 430K.
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 266, though individual units vary from RM 211 to RM 321 in the core range. The broader market spans RM 223.13 to RM 308.88, indicating diverse property characteristics. The spread of RM 85.75 (IQR) and deviation of RM 55 (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.
