Penang
Seberang Perai Tengah
1
TAMAN CHAI LENG

TAMAN CHAI LENG

Area Intelligence

2022

Median Price

RM 360,000

PSF: RM 519

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Residential PSF Trends

Median Price

RM 130,000

PSF: RM 195

Commercial PSF Trends

Median Price

RM 590,000

RM 843 PSF

TAMAN CHAI LENG in Seberang Perai Tengah, Penang recorded 2 subsale transactions in 2022, with a median price of RM 360K and a median price per square foot (PSF) of RM 519.

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.

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

For price per square foot, the median is RM 519, with most transactions between RM 519 and RM 519. The usual range is RM 449.50 to RM 588.50, showing that most units are priced quite close to each other. With an IQR of RM 139.00 and MAD of RM 0, the PSF demonstrates reasonable consistency across the market.

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.

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TAMAN CHAI LENG, Seberang Perai Tengah, Penang

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