TAMAN PERAI

Area Intelligence

2024

Median Price

RM 440,000

PSF: RM 284

TAMAN PERAI in Seberang Perai Tengah, Penang recorded 2 subsale transactions in 2024, with a median price of RM 440K and a median price per square foot (PSF) of RM 284.

This area contains both residential and commercial properties. View 7 residential properties or 2 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 440K, with most transactions falling within a stable range of RM 340K to RM 540K, and a typical market range of RM 370K to RM 510K.

Most transactions involved 2 - 2 1/2 storey terraced, though some variety exists in the market.

Price per square foot shows a median of RM 284, though individual units vary from RM 219 to RM 348 in the core range. The broader market spans RM 240.87 to RM 326.87, indicating diverse property characteristics. The spread of RM 86.00 (IQR) and deviation of RM 65 (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 PERAI, Seberang Perai Tengah, Penang

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