Penang
Seberang Perai Tengah
1
TAMAN CHAI LENG

TAMAN CHAI LENG

Area Intelligence

2022

Median Price

RM 500,000

PSF: RM 341

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Residential PSF Trends

Median Price

RM 435,000

PSF: RM 288

Commercial PSF Trends

Median Price

RM 825,000

RM 594 PSF

TAMAN CHAI LENG in Seberang Perai Tengah, Penang recorded 28 subsale transactions in 2022, with a median price of RM 500K and a median price per square foot (PSF) of RM 341.

This area contains both residential and commercial properties. View 62 residential properties or 23 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat.

Most transactions involved 1 - 1 1/2 storey terraced, with high diversity across multiple property types.

For price per square foot, the median is RM 341, with most transactions between RM 341 and RM 341. The usual range is RM 271.50 to RM 410.50, showing that most units are priced quite close to each other. With an IQR of RM 139.00 and MAD of RM 0, 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. Moderate transaction volume may require patience when buying or selling.

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TAMAN CHAI LENG, Seberang Perai Tengah, Penang

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