Penang
Seberang Perai Tengah
1
TAMAN CHAI LENG

TAMAN CHAI LENG

Area Intelligence

2023

Median Price

RM 509,000

PSF: RM 323

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Residential PSF Trends

Median Price

RM 493,000

PSF: RM 312

Commercial PSF Trends

Median Price

RM 795,000

RM 434 PSF

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 1.10 million to RM 550K, and a typical market range of RM 1.10 million 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 275 and RM 372. 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 49 (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. Some price volatility exists, making thorough market research essential before transacting. Moderate transaction volume may require patience when buying or selling.

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TAMAN CHAI LENG, Seberang Perai Tengah, Penang

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