Penang
Seberang Perai Tengah
1
TAMAN CHAI LENG

TAMAN CHAI LENG

Area Intelligence

2023

Median Price

RM 950,000

PSF: RM 305

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Residential PSF Trends

Median Price

RM 950,000

PSF: RM 305

Commercial PSF Trends

Median Price

RM 810,000

RM 541 PSF

TAMAN CHAI LENG in Seberang Perai Tengah, Penang recorded 3 subsale transactions in 2023, with a median price of RM 950K and a median price per square foot (PSF) of RM 305.

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 950K, with most transactions falling within a stable range of RM 785K to RM 1.10 million, and a typical market range of RM 768K to RM 1.10 million.

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

The median PSF stands at RM 305, with core pricing between RM 268 and RM 342. Market pricing typically extends from RM 235.50 to RM 374.50, reflecting moderate variation in unit pricing. With an IQR of RM 139.00 and MAD of RM 37, the PSF demonstrates reasonable consistency across the market.

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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