TAMAN GEMILANG JAYA

TAMAN GEMILANG JAYA in Seberang Perai Tengah, Penang recorded 2 subsale transactions in 2022, with a median price of RM 653K and a median price per square foot (PSF) of RM 374.

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 653K, with most transactions falling within a stable range of RM 555K to RM 750K, and a typical market range of RM 555K to RM 750K.

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

Price per square foot shows a median of RM 374, though individual units vary from RM 288 to RM 460 in the core range. The broader market spans RM 355.00 to RM 393.00, indicating diverse property characteristics. The spread of RM 38.00 (IQR) and deviation of RM 86 (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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.