TAMAN SANTUARI (SANTUARY GARDEN)

TAMAN SANTUARI (SANTUARY GARDEN) in Seberang Perai Tengah, Penang recorded 10 subsale transactions in 2023, with a median price of RM 851K and a median price per square foot (PSF) of RM 281.

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 851K, with most transactions falling within a stable range of RM 789K to RM 913K, and a typical market range of RM 796K to RM 906K.

Most transactions involved 2 - 2 1/2 storey semi-detached, with minimal variety in property types.

The median PSF stands at RM 281, with core pricing between RM 225 and RM 337. Market pricing typically extends from RM 243.25 to RM 318.75, reflecting moderate variation in unit pricing. The spread of RM 75.50 (IQR) and deviation of RM 56 (MAD) suggest moderate price variations reflecting different property features.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.