TAMAN PERAI

Area Intelligence

2023

Median Price

RM 485,000

PSF: RM 302

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Residential PSF Trends

Median Price

RM 425,000

PSF: RM 244

TAMAN PERAI in Seberang Perai Tengah, Penang recorded 4 subsale transactions in 2023, with a median price of RM 485K and a median price per square foot (PSF) of RM 302.

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 485K, with most transactions falling within a stable range of RM 424K to RM 500K, and a typical market range of RM 415K to RM 500K.

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

The median PSF stands at RM 302, with core pricing between RM 254 and RM 350. Market pricing typically extends from RM 259.00 to RM 345.00, reflecting moderate variation in unit pricing. The spread of RM 86.00 (IQR) and deviation of RM 48 (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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