TAMAN SUKUN

Area Intelligence

2023

Median Price

RM 705,000

PSF: RM 235

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Residential PSF Trends

Median Price

RM 290,000

PSF: RM 207

Commercial PSF Trends

Median Price

RM 705,000

RM 235 PSF

TAMAN SUKUN in Seberang Perai Tengah, Penang recorded 2 subsale transactions in 2023, with a median price of RM 705K and a median price per square foot (PSF) of RM 235.

This area contains both residential and commercial properties. View 3 residential properties or 4 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 705K, with most transactions falling within a stable range of RM 680K to RM 730K, and a typical market range of RM 680K to RM 730K.

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

For price per square foot, the median is RM 235, with most transactions between RM 226 and RM 243. The usual range is RM 193.50 to RM 275.50, showing that most units are priced quite close to each other. With an IQR of RM 82.00 and MAD of RM 9, 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 SUKUN, Seberang Perai Tengah, Penang

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