TAMAN ILMU

Area Intelligence

2023

Median Price

RM 332,500

PSF: RM 245

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Residential PSF Trends

Median Price

RM 332,500

PSF: RM 245

TAMAN ILMU in Seberang Perai Selatan, Penang recorded 12 subsale transactions in 2023, with a median price of RM 333K and a median price per square foot (PSF) of RM 245.

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 333K, with most transactions falling within a stable range of RM 500K to RM 338K, and a typical market range of RM 500K to RM 416K.

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 245, though individual units vary from RM 156 to RM 335 in the core range. The broader market spans RM 202.13 to RM 287.88, indicating diverse property characteristics. A wider spread (IQR: RM 85.75) and deviation (MAD: RM 90) indicate significant PSF variations, likely due to diverse property types or conditions.

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.

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TAMAN ILMU, Seberang Perai Selatan, Penang

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