TAMAN CHAI LENG

Area Intelligence
2023
Median Price
RM 850,000
PSF: RM 285

Residential PSF Trends

Median Price

RM 750,000

PSF: RM 265

Commercial PSF Trends

Median Price

RM 1,182,000

RM 402 PSF

TAMAN CHAI LENG in Seberang Perai Tengah, Penang recorded 6 subsale transactions in 2023, with a median price of RM 850K and a median price per square foot (PSF) of RM 285.

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 850K, with most transactions falling within a stable range of RM 680K to RM 1.05 million, and a typical market range of RM 680K to RM 1.03 million.

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

The median PSF stands at RM 285, with core pricing between RM 229 and RM 341. Market pricing typically extends from RM 215.50 to RM 354.50, reflecting moderate variation in unit pricing. The spread of RM 139.00 (IQR) and deviation of RM 56 (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. 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

6 transactions grouped by size

2,700 sqft
Single Storey Terraced
RM 680,000
LORONG KURAU 11
2,691 sqft · RM 253 PSF
2,850 sqft
Single Storey Terraced
RM 750,000
LEBUH KURAU
2,831 sqft · RM 265 PSF
2,950 sqft
Single Storey Shop
RM 1,182,000
LORONG KURAU 1
2,939 sqft · RM 402 PSF
3,100 sqft
Double Storey Semi-D
RM 950,000
LINTANG KURAU 3
3,100 sqft · RM 306 PSF
RM 700,000
LINTANG KURAI 5
3,100 sqft · RM 226 PSF
3,600 sqft
Single Storey Terraced
RM 1,100,000
LORONG KURAU 1
3,606 sqft · RM 305 PSF

No Properties For Sale

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

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