TAMAN CHAI LENG

Area Intelligence
2024
Median Price
RM 490,000
PSF: RM 317

Residential PSF Trends

Median Price

RM 460,000

PSF: RM 310

Commercial PSF Trends

Median Price

RM 935,000

RM 480 PSF

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 385K to RM 595K, and a typical market range of RM 360K to RM 673K.

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

The median PSF stands at RM 317, with core pricing between RM 262 and RM 372. Market pricing typically extends from RM 247.50 to RM 386.50, reflecting moderate variation in unit pricing. The spread of RM 139.00 (IQR) and deviation of RM 55 (MAD) suggest moderate price variations reflecting different property features.

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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Transactions

12 transactions grouped by size

1,400 sqft
RM 360,000
LORONG KURAU 2
1,399 sqft · RM 257 PSF
RM 380,000
LORONG KURAU 5
1,399 sqft · RM 272 PSF
RM 390,000
TINGKAT KURAU 4
1,399 sqft · RM 279 PSF
RM 420,000
TKT. KURAU 4
1,399 sqft · RM 300 PSF
1,450 sqft
Single Storey Terraced
RM 460,000
TINGKAT KURAU 2
1,453 sqft · RM 317 PSF
RM 450,000
TINGKAT KURAU 2
1,453 sqft · RM 310 PSF
1,550 sqft
RM 490,000
LORONG. KURAU 23
1,539 sqft · RM 318 PSF
RM 600,000
LORONG KURAU 17
1,539 sqft · RM 390 PSF
RM 550,000
LORONG KURAU 21
1,539 sqft · RM 357 PSF
RM 680,000
LORONG KURAU 19
1,539 sqft · RM 442 PSF
RM 400,000
LORONG. KURAU 29
1,539 sqft · RM 260 PSF
2,450 sqft
Double Storey Terraced
RM 650,000
LORONG KURAU 15
2,454 sqft · RM 265 PSF

No Properties For Sale

There are currently no properties listed for sale in this area.

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