TAMAN JERNIH in Seberang Perai Tengah, Penang recorded 6 subsale transactions in 2023, with a median price of RM 345K and a median price per square foot (PSF) of RM 319.
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 345K, with most transactions falling within a stable range of RM 178K to RM 512K, and a typical market range of RM 218K to RM 473K.
Most transactions involved cluster house, with moderate diversity in property types available.
The median PSF stands at RM 319, with core pricing between RM 280 and RM 358. Market pricing typically extends from RM 277.50 to RM 360.50, 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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.
