Area Intelligence

TAMAN GEMILANG JAYA

5 properties
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Median Price
RM 750,000
PSF: RM 288

Residential Market

Median Price

RM 750,000

IQR: RM 38
MAD: RM 36
RM 288 PSF 15.9%

PSF Trends (2021-2025)

TAMAN GEMILANG JAYA in Seberang Perai Tengah, Penang recorded 5 subsale transactions between 2021 and 2025, with a median price of RM 750K and a median price per square foot (PSF) of RM 288.

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 750K, with most transactions falling within a stable range of RM 555K to RM 945K, and a typical market range of RM 555K to RM 1.13 million.

Most transactions involved detached, though some variety exists in the market.

The median PSF stands at RM 288, with core pricing between RM 252 and RM 324. Market pricing typically extends from RM 269.00 to RM 307.00, reflecting moderate variation in unit pricing. With an IQR of RM 38.00 and MAD of RM 36, 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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.

Area Location

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TAMAN GEMILANG JAYA, Seberang Perai Tengah, Penang

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Transactions

5 properties grouped by size

1,200 sqft
1 units Double Storey Terraced
RM 555,000
LORONG GEMILANG JAYA 2
1,206 sqft · RM 460.00 PSF
Mar 2022
2,600 sqft
1 units Double Storey Terraced
RM 750,000
JALAN NANGKA
2,605 sqft · RM 288.00 PSF
Feb 2022
4,000 sqft
1 units Detached
RM 600,000
JALAN NANGKA
4,004 sqft · RM 150.00 PSF
Oct 2024
5,400 sqft
1 units Detached
RM 1,363,000
JALAN GEMILANG JAYA
5,403 sqft · RM 252.00 PSF
Dec 2021
5,800 sqft
1 units Detached
RM 1,680,000
LORONG GEMILANG JAYA 3
5,802 sqft · RM 290.00 PSF
Jan 2025