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Market Snapshot
ResidentialRM 240,000
RM 319 psfMedian transaction price
Taman Perai Utama, 13600 Perai, Pulau Pinang, Malaysia
MapsTaman Perai Utama in Seberang Perai Tengah, Penang recorded 0 subsale transactions in 2023, with a median price of RM 240K and a median price per square foot (PSF) of RM 319.
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 240K, with most transactions falling within a stable range of RM 180K to RM 300K, and a typical market range of RM 210K to RM 270K.
Most transactions involved condominium/apartment, with minimal variety in property types.
Price per square foot shows a median of RM 319, though individual units vary from RM 239 to RM 398 in the core range. The broader market spans RM 278.75 to RM 358.25, indicating diverse property characteristics. The spread of RM 79.50 (IQR) and deviation of RM 80 (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. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.