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Market Snapshot
RM 455,000
RM 313 psfMedian transaction price
RM 815,000
RM 544 psfMedian transaction price
Taman Chai Leng I, 13700 Perai, Penang, Malaysia
MapsTaman Chai Leng in Seberang Perai Tengah, Penang recorded 2 subsale transactions between 2021 and 2026, sized between 1,425 and 1,474 sqft, with a median price of RM 455K and a median price per square foot (PSF) of RM 313.
This area contains both residential and commercial properties. View 67 residential properties or 24 commercial properties separately for more focused analysis.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 455K, with most transactions falling within a stable range of RM 450K to RM 460K, and a typical market range of RM 450K to RM 460K.
Most transactions involved 2 - 2 1/2 storey shop3 - , with high diversity across multiple property types.
For price per square foot, the median is RM 313, with most transactions between RM 310 and RM 317. The usual range is RM 244.62 to RM 381.62, showing that most units are priced quite close to each other. With an IQR of RM 137.00 and MAD of RM 3, 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.