Penang
Seberang Perai Tengah
14
TAMAN LEMBAH INDAH

TAMAN LEMBAH INDAH

Area Intelligence

2022

Median Price

RM 500,000

PSF: RM 349

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Residential PSF Trends

Median Price

RM 500,000

PSF: RM 349

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 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 500K, with most transactions falling within a stable range of RM 950K to RM 804K, and a typical market range of RM 950K to RM 608K.

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

For price per square foot, the median is RM 349, with most transactions between RM 325 and RM 373. The usual range is RM 308.75 to RM 389.25, showing that most units are priced quite close to each other. With an IQR of RM 80.50 and MAD of RM 24, 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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.

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TAMAN LEMBAH INDAH, Seberang Perai Tengah, Penang

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