TAMAN SELAMAT

Area Intelligence

2023

Median Price

RM 595,000

PSF: RM 369

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Residential PSF Trends

Median Price

RM 595,000

PSF: RM 369

TAMAN SELAMAT in Seberang Perai Tengah, Penang recorded 3 subsale transactions in 2023, priced between RM 500K and RM 750K, with a median price of RM 595K and a median price per square foot (PSF) of RM 369.

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 595K, with most transactions falling within a stable range of RM 549K to RM 600K, and a typical market range of RM 540K to RM 600K.

Most transactions involved 2 - 2 1/2 storey terraced, with moderate diversity in property types available.

Price per square foot shows a median of RM 369, though individual units vary from RM 291 to RM 446 in the core range. The broader market spans RM 322.79 to RM 414.54, indicating diverse property characteristics. The spread of RM 91.75 (IQR) and deviation of RM 77 (MAD) suggest moderate price variations reflecting different property features.

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.

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TAMAN SELAMAT, Seberang Perai Tengah, Penang

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