TAMAN JERNIH

Area Intelligence

2023

Median Price

RM 490,000

PSF: RM 323

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Residential PSF Trends

Median Price

RM 490,000

PSF: RM 323

TAMAN JERNIH in Seberang Perai Tengah, Penang recorded 3 subsale transactions in 2023, with a median price of RM 490K and a median price per square foot (PSF) of RM 323.

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 490K, with most transactions falling within a stable range of RM 490K to RM 504K, and a typical market range of RM 490K to RM 520K.

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

For price per square foot, the median is RM 323, with most transactions between RM 314 and RM 332. The usual range is RM 281.50 to RM 364.50, showing that most units are priced quite close to each other. With an IQR of RM 83.00 and MAD of RM 9, 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 JERNIH, Seberang Perai Tengah, Penang

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