Penang
Seberang Perai Tengah
14
TAMAN LEMBAH INDAH

TAMAN LEMBAH INDAH

Area Intelligence

2024

Median Price

RM 599,500

PSF: RM 367

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Residential PSF Trends

Median Price

RM 499,000

PSF: RM 350

TAMAN LEMBAH INDAH in Seberang Perai Tengah, Penang recorded 6 subsale transactions in 2024, with a median price of RM 600K and a median price per square foot (PSF) of RM 367.

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 600K, with most transactions falling within a stable range of RM 480K to RM 978K, and a typical market range of RM 492K to RM 707K.

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

Price per square foot shows a median of RM 367, though individual units vary from RM 276 to RM 457 in the core range. The broader market spans RM 326.25 to RM 406.75, indicating diverse property characteristics. The spread of RM 80.50 (IQR) and deviation of RM 91 (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.

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TAMAN LEMBAH INDAH, Seberang Perai Tengah, Penang

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