TAMAN CENDANA

Area Intelligence

2023

Median Price

RM 700,000

PSF: RM 294

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Residential PSF Trends

Median Price

RM 700,000

PSF: RM 294

Commercial PSF Trends

Median Price

RM 850,000

RM 431 PSF

TAMAN CENDANA in Seberang Perai Tengah, Penang recorded 3 subsale transactions in 2023, with a median price of RM 700K and a median price per square foot (PSF) of RM 294.

This area contains both residential and commercial properties. View 20 residential properties or 2 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 700K, with most transactions falling within a stable range of RM 540K to RM 860K, and a typical market range of RM 555K to RM 845K.

Most transactions involved 2 - 2 1/2 storey semi-detached, with high diversity across multiple property types.

The median PSF stands at RM 294, with core pricing between RM 244 and RM 344. Market pricing typically extends from RM 232.13 to RM 355.88, reflecting moderate variation in unit pricing. The spread of RM 123.75 (IQR) and deviation of RM 50 (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 CENDANA, Seberang Perai Tengah, Penang

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