TAMAN ILMU

Area Intelligence

2021

Median Price

RM 387,500

PSF: RM 195

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Residential PSF Trends

Median Price

RM 387,500

PSF: RM 195

TAMAN ILMU in Seberang Perai Selatan, Penang recorded 2 subsale transactions in 2021, with a median price of RM 388K and a median price per square foot (PSF) of RM 195.

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 388K, with most transactions falling within a stable range of RM 275K to RM 500K, and a typical market range of RM 305K to RM 471K.

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 195, with most transactions between RM 179 and RM 211. The usual range is RM 152.13 to RM 237.88, 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.

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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