TAMAN SELAMAT in Seberang Perai Tengah, Penang recorded 4 subsale transactions in 2021, with a median price of RM 440K and a median price per square foot (PSF) of RM 341.
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 440K, with most transactions falling within a stable range of RM 395K to RM 485K, and a typical market range of RM 385K to RM 495K.
Most transactions involved 2 - 2 1/2 storey terraced, with moderate diversity in property types available.
The median PSF stands at RM 341, with core pricing between RM 293 and RM 390. Market pricing typically extends from RM 295.13 to RM 386.88, reflecting moderate variation in unit pricing. With an IQR of RM 91.75 and MAD of RM 49, the PSF demonstrates reasonable consistency across the market.
Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Despite diverse property types, prices remain relatively stable, offering options for different buyer preferences. Limited transaction history suggests carefully evaluating comparable sales data.
