TAMAN CHAI LENG

TAMAN CHAI LENG in Seberang Perai Tengah, Penang recorded 19 subsale transactions in 2024, with a median price of RM 490K and a median price per square foot (PSF) of RM 317.

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 490K, with most transactions falling within a stable range of RM 550K to RM 608K, and a typical market range of RM 550K to RM 673K.

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 317, though individual units vary from RM 237 to RM 396 in the core range. The broader market spans RM 247.06 to RM 386.06, indicating diverse property characteristics. A wider spread (IQR: RM 139.00) and deviation (MAD: RM 80) 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.