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 contains both residential and commercial properties. View 38 residential properties or 1 commercial properties separately for more focused analysis.
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 560K to RM 790K, and a typical market range of RM 567K to RM 782K.
Most transactions involved 2 - 2 1/2 storey terraced, with high diversity across multiple property types.
The median PSF stands at RM 344, with core pricing between RM 303 and RM 385. Market pricing typically extends from RM 303.25 to RM 383.75, reflecting moderate variation in unit pricing. With an IQR of RM 80.50 and MAD of RM 41, 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.
