TAMAN JERNIH

Area Intelligence

2023

Median Price

RM 190,000

PSF: RM 305

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Residential PSF Trends

Median Price

RM 190,000

PSF: RM 305

TAMAN JERNIH in Seberang Perai Tengah, Penang recorded 3 subsale transactions in 2023, with a median price of RM 190K and a median price per square foot (PSF) of RM 305.

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 190K, with most transactions falling within a stable range of RM 182K to RM 198K, and a typical market range of RM 180K to RM 200K.

Most transactions involved cluster house, with moderate diversity in property types available.

For price per square foot, the median is RM 305, with most transactions between RM 288 and RM 322. The usual range is RM 263.50 to RM 346.50, showing that most units are priced quite close to each other. With an IQR of RM 83.00 and MAD of RM 17, 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.

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TAMAN JERNIH, Seberang Perai Tengah, Penang

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