Penang
Seberang Perai Tengah
15
TAMAN DESA CAHAYA

TAMAN DESA CAHAYA

Area Intelligence

2022

Median Price

RM 565,000

PSF: RM 378

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Residential PSF Trends

Median Price

RM 565,000

PSF: RM 378

TAMAN DESA CAHAYA in Seberang Perai Tengah, Penang recorded 2 subsale transactions in 2022, with a median price of RM 565K and a median price per square foot (PSF) of RM 378.

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 565K, with most transactions falling within a stable range of RM 550K to RM 580K, and a typical market range of RM 554K to RM 576K.

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

For price per square foot, the median is RM 378, with most transactions between RM 362 and RM 393. The usual range is RM 358.13 to RM 396.88, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 38.75 and an average deviation (MAD) of RM 16 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.

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TAMAN DESA CAHAYA, Seberang Perai Tengah, Penang

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