TAMAN CENDANA

Area Intelligence

2022

Median Price

RM 635,000

PSF: RM 228

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Residential PSF Trends

Median Price

RM 590,000

PSF: RM 214

Commercial PSF Trends

Median Price

RM 700,000

RM 500 PSF

TAMAN CENDANA in Seberang Perai Tengah, Penang recorded 14 subsale transactions in 2022, with a median price of RM 635K and a median price per square foot (PSF) of RM 228.

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.

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

For price per square foot, the median is RM 228, with most transactions between RM 228 and RM 228. The usual range is RM 166.13 to RM 289.88, showing that most units are priced quite close to each other. With an IQR of RM 123.75 and MAD of RM 0, 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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