TAMAN BUDIMAN

Area Intelligence

2024

Median Price

RM 535,000

PSF: RM 408

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Residential PSF Trends

Median Price

RM 535,000

PSF: RM 408

Commercial PSF Trends

Median Price

RM 680,000

RM 345 PSF

TAMAN BUDIMAN in Seberang Perai Tengah, Penang recorded 2 subsale transactions in 2024, with a median price of RM 535K and a median price per square foot (PSF) of RM 408.

This area contains both residential and commercial properties. View 22 residential properties or 5 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 535K, with most transactions falling within a stable range of RM 500K to RM 570K, and a typical market range of RM 500K to RM 570K.

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 408, with most transactions between RM 384 and RM 431. The usual range is RM 346.25 to RM 468.75, showing that most units are priced quite close to each other. With an IQR of RM 122.50 and MAD of RM 24, 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 BUDIMAN, Seberang Perai Tengah, Penang

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