TAMAN RIANG (SPT) in Seberang Perai Tengah, Penang recorded 5 subsale transactions in 2022, with a median price of RM 398K and a median price per square foot (PSF) of RM 180.
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 398K, with most transactions falling within a stable range of RM 366K to RM 430K, and a typical market range of RM 368K to RM 429K.
Most transactions involved 2 - 2 1/2 storey semi-detached, though some variety exists in the market.
Price per square foot shows a median of RM 180, though individual units vary from RM 122 to RM 238 in the core range. The broader market spans RM 117.50 to RM 242.50, indicating diverse property characteristics. A wider spread (IQR: RM 125.00) and deviation (MAD: RM 58) indicate significant PSF variations, likely due to diverse property types or conditions.
Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.
