Penang
Seberang Perai Tengah
1
TAMAN CHAI LENG

TAMAN CHAI LENG

Area Intelligence

2022

Median Price

RM 1,300,000

PSF: RM 361

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Residential PSF Trends

Median Price

RM 1,135,000

PSF: RM 315

Commercial PSF Trends

Median Price

RM 1,525,000

RM 431 PSF

TAMAN CHAI LENG in Seberang Perai Tengah, Penang recorded 3 subsale transactions in 2022, with a median price of RM 1.30 million and a median price per square foot (PSF) of RM 361.

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 1.30 million, with most transactions falling within a stable range of RM 1.07 million to RM 1.53 million, and a typical market range of RM 1.12 million to RM 1.48 million.

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

The median PSF stands at RM 361, with core pricing between RM 295 and RM 427. Market pricing typically extends from RM 291.50 to RM 430.50, reflecting moderate variation in unit pricing. The spread of RM 139.00 (IQR) and deviation of RM 66 (MAD) suggest moderate price variations reflecting different property features.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.

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TAMAN CHAI LENG, Seberang Perai Tengah, Penang

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