TAMAN CHAI LENG in Seberang Perai Tengah, Penang recorded 26 subsale transactions in 2023, with a median price of RM 509K and a median price per square foot (PSF) of RM 323.
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 509K, with most transactions falling within a stable range of RM 374K to RM 644K, and a typical market range of RM 327K to RM 692K.
Most transactions involved 1 - 1 1/2 storey terraced, with high diversity across multiple property types.
The median PSF stands at RM 323, with core pricing between RM 265 and RM 381. Market pricing typically extends from RM 253.50 to RM 392.50, reflecting moderate variation in unit pricing. The spread of RM 139.00 (IQR) and deviation of RM 58 (MAD) suggest moderate price variations reflecting different property features.
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. Moderate transaction volume may require patience when buying or selling.
