TAMAN CHAI LENG

TAMAN CHAI LENG in Seberang Perai Tengah, Penang recorded 3 subsale transactions in 2021, with a median price of RM 895K and a median price per square foot (PSF) of RM 246.

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. The median price is RM 895K, with most transactions falling within a stable range of RM 695K to RM 950K, and a typical market range of RM 713K to RM 950K.

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

Price per square foot shows a median of RM 246, though individual units vary from RM 0 to RM 553 in the core range. The broader market spans RM 176.50 to RM 315.50, indicating diverse property characteristics. A wider spread (IQR: RM 139.00) and deviation (MAD: RM 307) 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.