TAMAN CHAI LENG in Seberang Perai Tengah, Penang recorded 28 subsale transactions in 2022, with a median price of RM 500K and a median price per square foot (PSF) of RM 341.
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 500K, with most transactions falling within a stable range of RM 444K to RM 500K, and a typical market range of RM 318K to RM 500K.
Most transactions involved 1 - 1 1/2 storey terraced, with high diversity across multiple property types.
The median PSF stands at RM 341, with core pricing between RM 296 and RM 386. Market pricing typically extends from RM 271.50 to RM 410.50, reflecting moderate variation in unit pricing. With an IQR of RM 139.00 and MAD of RM 45, 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.
