TAMAN LEMBAH INDAH

TAMAN LEMBAH INDAH in Seberang Perai Tengah, Penang recorded 10 subsale transactions in 2022, with a median price of RM 500K and a median price per square foot (PSF) of RM 349.

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 500K, with most transactions falling within a stable range of RM 130K to RM 871K, and a typical market range of RM 335K to RM 665K.

Most transactions involved 2 - 2 1/2 storey terraced, with moderate diversity in property types available.

The median PSF stands at RM 349, with core pricing between RM 295 and RM 403. Market pricing typically extends from RM 307.00 to RM 391.00, reflecting moderate variation in unit pricing. The spread of RM 84.00 (IQR) and deviation of RM 54 (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.