Penang
Seberang Perai Tengah
10
TAMAN SUNGAI RAMBAI

TAMAN SUNGAI RAMBAI

Area Intelligence

2022

Median Price

RM 292,500

PSF: RM 219

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Residential PSF Trends

Median Price

RM 292,500

PSF: RM 219

TAMAN SUNGAI RAMBAI in Seberang Perai Tengah, Penang recorded 4 subsale transactions in 2022, with a median price of RM 293K and a median price per square foot (PSF) of RM 219.

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 293K, with most transactions falling within a stable range of RM 285K to RM 265K, and a typical market range of RM 250K to RM 265K.

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

For price per square foot, the median is RM 219, with most transactions between RM 206 and RM 233. The usual range is RM 175.50 to RM 262.50, showing that most units are priced quite close to each other. With an IQR of RM 87.00 and MAD of RM 14, the PSF demonstrates reasonable consistency across the market.

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 SUNGAI RAMBAI, Seberang Perai Tengah, Penang

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