TAMAN LEMBAH INDAH

TAMAN LEMBAH INDAH in Seberang Perai Tengah, Penang recorded 8 subsale transactions in 2023, with a median price of RM 675K and a median price per square foot (PSF) of RM 344.

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 675K, with most transactions falling within a stable range of RM 470K to RM 1.17 million, and a typical market range of RM 510K to RM 840K.

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

The median PSF stands at RM 344, with core pricing between RM 286 and RM 401. Market pricing typically extends from RM 301.50 to RM 385.50, reflecting moderate variation in unit pricing. The spread of RM 84.00 (IQR) and deviation of RM 58 (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.