TAMAN TASEK GELUGOR UTAMA (SCIENTEX) in Seberang Perai Utara, Penang recorded 205 subsale transactions in 2021, with a median price of RM 267K and a median price per square foot (PSF) of RM 263.
This area contains both residential and commercial properties. View 310 residential properties or 10 commercial properties separately for more focused analysis.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 267K, with most transactions falling within a stable range of RM 235K to RM 300K, and a typical market range of RM 237K to RM 297K.
Most transactions involved 2 - 2 1/2 storey terraced, with minimal variety in property types.
For price per square foot, the median is RM 263, with most transactions between RM 245 and RM 281. The usual range is RM 248.38 to RM 277.63, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 29.25 and an average deviation (MAD) of RM 18 indicate a highly stable PSF trend across properties.
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. High transaction volume ensures good market liquidity and easier price discovery.
