TAMAN SANTUARI (SANTUARY ROW)

TAMAN SANTUARI (SANTUARY ROW) in Seberang Perai Tengah, Penang recorded 6 subsale transactions in 2023, with a median price of RM 965K and a median price per square foot (PSF) of RM 626.

This area consists exclusively of commercial properties, with no residential listings recorded.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 965K, with most transactions falling within a stable range of RM 938K to RM 1.05 million, and a typical market range of RM 942K to RM 989K.

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

For price per square foot, the median is RM 626, with most transactions between RM 601 and RM 650. The usual range is RM 610.00 to RM 641.00, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 31.00 and an average deviation (MAD) of RM 24 indicate a highly stable PSF trend across properties.

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.