Penang
Seberang Perai Tengah
1
TAMAN CHAI LENG

TAMAN CHAI LENG

Area Intelligence

2024

Median Price

RM 490,000

PSF: RM 317

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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 550K to RM 539K, and a typical market range of RM 550K 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 285 and RM 348. Market pricing typically extends from RM 247.06 to RM 386.06, reflecting moderate variation in unit pricing. With an IQR of RM 139.00 and MAD of RM 32, 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.

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TAMAN CHAI LENG, Seberang Perai Tengah, Penang

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Transactions

4 transactions grouped by size

Popular Ranges

Under RM 300k RM 300k - 500k RM 500k - 750k RM 750k - 1M RM 1M - 2M RM 2M+

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Size Range (sqft)

Popular Ranges

Under 1,000 sqft 1,000 - 2,000 sqft 2,000 - 3,000 sqft 3,000 - 5,000 sqft 5,000 - 10,000 sqft 10,000+ sqft

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Road	Price	PSF	Size	Date	Type

1,550 sqft

Double Storey Terraced

1,550 sqft

Double Storey Terraced

RM 600,000

LORONG KURAU 17

1,561 sqft · RM 384 PSF

Jul 2024

RM 650,000

LORONG KURAU 15

1,561 sqft · RM 416 PSF

May 2024

RM 550,000

LORONG KURAU 21

1,561 sqft · RM 352 PSF

Apr 2024

RM 680,000

LORONG KURAU 19

1,561 sqft · RM 436 PSF

Feb 2024

LORONG KURAU 17	RM 600,000	RM 384	1,561 sqft	Jul 2024
LORONG KURAU 15	RM 650,000	RM 416	1,561 sqft	May 2024
LORONG KURAU 21	RM 550,000	RM 352	1,561 sqft	Apr 2024
LORONG KURAU 19	RM 680,000	RM 436	1,561 sqft	Feb 2024