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 485K to RM 240K, and a typical market range of RM 308K to RM 240K.
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 317, with most transactions between RM 315 and RM 319. The usual range is RM 247.50 to RM 386.50, showing that most units are priced quite close to each other. With an IQR of RM 139.00 and MAD of RM 2, 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. Limited transaction history suggests carefully evaluating comparable sales data.
