TAMAN CENDANA

Area Intelligence

2024

Median Price

RM 710,000

PSF: RM 287

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Residential PSF Trends

Median Price

RM 692,500

PSF: RM 273

Commercial PSF Trends

Median Price

RM 1,000,000

RM 361 PSF

TAMAN CENDANA in Seberang Perai Tengah, Penang recorded 5 subsale transactions in 2024, with a median price of RM 710K and a median price per square foot (PSF) of RM 287.

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 710K, with most transactions falling within a stable range of RM 790K to RM 815K, and a typical market range of RM 790K to RM 855K.

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

The median PSF stands at RM 287, with core pricing between RM 250 and RM 324. Market pricing typically extends from RM 225.13 to RM 348.88, reflecting moderate variation in unit pricing. With an IQR of RM 123.75 and MAD of RM 37, 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 CENDANA, Seberang Perai Tengah, Penang

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