|
Road
|
Price
|
PSF
|
Size
|
Date
|
Type
|
|---|---|---|---|---|---|
| 2024 | |||||
|
Level 2
|
RM 240,000
|
RM 343
|
700 sqft
|
|
Flat |
|
Level 2
|
RM 230,000
|
RM 339
|
678 sqft
|
|
Flat |
| 2023 | |||||
|
Level 1
|
RM 220,000
|
RM 324
|
678 sqft
|
|
Flat |
| 2022 | |||||
|
Level G
|
RM 590,000
|
RM 843
|
700 sqft
|
|
Shop |
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Market Snapshot
RM 230,000
RM 339 psfMedian transaction price
RM 590,000
RM 843 psfMedian transaction price
Taman Chai Leng I, 13700 Perai, Penang, Malaysia
MapsTaman Chai Leng in Seberang Perai Tengah, Penang recorded 4 subsale transactions between 2021 and 2026, sized between 675 and 724 sqft, with a median price of RM 235K and a median price per square foot (PSF) of RM 341.
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 235K, with most transactions falling within a stable range of RM 220K to RM 391K, and a typical market range of RM 220K to RM 418K.
Most transactions involved 2 - 2 1/2 storey shop3 - , with high diversity across multiple property types.
Price per square foot shows a median of RM 341, though individual units vary from RM 121 to RM 561 in the core range. The broader market spans RM 272.60 to RM 409.60, indicating diverse property characteristics. A wider spread (IQR: RM 137.00) and deviation (MAD: RM 220) 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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.