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.

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 323, with most transactions between RM 323 and RM 323. The usual range is RM 253.50 to RM 392.50, 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. 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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