Penang
Seberang Perai Tengah
14
TAMAN LEMBAH INDAH

TAMAN LEMBAH INDAH

Area Intelligence

2021

Median Price

RM 450,000

PSF: RM 322

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Residential PSF Trends

Median Price

RM 450,000

PSF: RM 322

TAMAN LEMBAH INDAH in Seberang Perai Tengah, Penang recorded 2 subsale transactions in 2021, with a median price of RM 450K and a median price per square foot (PSF) of RM 322.

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 450K, with most transactions falling within a stable range of RM 407K to RM 493K, and a typical market range of RM 407K to RM 493K.

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 322, with most transactions between RM 291 and RM 352. The usual range is RM 281.25 to RM 361.75, showing that most units are priced quite close to each other. With an IQR of RM 80.50 and MAD of RM 31, 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 LEMBAH INDAH, Seberang Perai Tengah, Penang

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