TAMAN BUKIT

Area Intelligence

2022

Median Price

RM 425,000

PSF: RM 281

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Residential PSF Trends

Median Price

RM 425,000

PSF: RM 281

TAMAN BUKIT in Seberang Perai Tengah, Penang recorded 2 subsale transactions in 2022, with a median price of RM 425K and a median price per square foot (PSF) of RM 281.

This area consists exclusively of residential properties, with no commercial listings recorded.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 425K, with most transactions falling within a stable range of RM 318K to RM 533K, and a typical market range of RM 295K to RM 555K.

Most transactions involved 2 - 2 1/2 storey terraced, with moderate diversity in property types available.

The median PSF stands at RM 281, with core pricing between RM 226 and RM 337. Market pricing typically extends from RM 225.63 to RM 336.38, reflecting moderate variation in unit pricing. The spread of RM 110.75 (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 BUKIT, Seberang Perai Tengah, Penang

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