TAMAN GEMILANG

TAMAN GEMILANG in Seberang Perai Tengah, Penang recorded 2 subsale transactions in 2023, with a median price of RM 480K and a median price per square foot (PSF) of RM 328.

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 480K, with most transactions falling within a stable range of RM 380K to RM 580K, and a typical market range of RM 455K to RM 505K.

Most transactions involved 2 - 2 1/2 storey terraced, with minimal variety in property types.

Price per square foot shows a median of RM 328, though individual units vary from RM 260 to RM 396 in the core range. The broader market spans RM 284.25 to RM 371.75, indicating diverse property characteristics. The spread of RM 87.50 (IQR) and deviation of RM 68 (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. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.