TAMAN PERMATA

Area Intelligence

2024

Median Price

RM 88,000

PSF: RM 164

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Residential PSF Trends

Median Price

RM 88,000

PSF: RM 164

TAMAN PERMATA in Seberang Perai Tengah, Penang recorded 9 subsale transactions in 2024, with a median price of RM 88K and a median price per square foot (PSF) of RM 164.

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 88K, with most transactions falling within a stable range of RM 330K to RM 123K, and a typical market range of RM 330K to RM 114K.

Most transactions involved low-cost flat, though some variety exists in the market.

Price per square foot shows a median of RM 164, though individual units vary from RM 120 to RM 208 in the core range. The broader market spans RM 118.75 to RM 209.25, indicating diverse property characteristics. A wider spread (IQR: RM 90.50) and deviation (MAD: RM 44) indicate significant PSF variations, likely due to diverse property types or conditions.

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 PERMATA, Seberang Perai Tengah, Penang

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