TAMAN CENGAL

TAMAN CENGAL in Seberang Perai Utara, Penang recorded 2 subsale transactions in 2023, with a median price of RM 775K and a median price per square foot (PSF) of RM 453.

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 775K, with most transactions falling within a stable range of RM 700K to RM 850K, and a typical market range of RM 700K to RM 850K.

Most transactions involved 2 - 2 1/2 storey terraced, though some variety exists in the market.

The median PSF stands at RM 453, with core pricing between RM 405 and RM 500. Market pricing typically extends from RM 421.75 to RM 483.25, reflecting moderate variation in unit pricing. With an IQR of RM 61.50 and MAD of RM 48, the PSF demonstrates reasonable consistency across the market.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.