TAMAN CHAI LENG

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 320.

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 399K to RM 601K, and a typical market range of RM 318K to RM 683K.

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

Price per square foot shows a median of RM 320, though individual units vary from RM 179 to RM 461 in the core range. The broader market spans RM 250.06 to RM 389.06, indicating diverse property characteristics. A wider spread (IQR: RM 139.00) and deviation (MAD: RM 141) indicate significant PSF variations, likely due to diverse property types or conditions.

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. Moderate transaction volume may require patience when buying or selling.