TAMAN JERNIH in Seberang Perai Tengah, Penang recorded 3 subsale transactions in 2022, with a median price of RM 485K and a median price per square foot (PSF) of RM 320.
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 485K, with most transactions falling within a stable range of RM 318K to RM 652K, and a typical market range of RM 358K to RM 613K.
Most transactions involved cluster house, with moderate diversity in property types available.
The median PSF stands at RM 320, with core pricing between RM 281 and RM 359. Market pricing typically extends from RM 278.50 to RM 361.50, reflecting moderate variation in unit pricing. With an IQR of RM 83.00 and MAD of RM 39, 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.
