TAMAN TANJUNG INDAH in Seberang Perai Utara, Penang recorded 8 subsale transactions in 2023, with a median price of RM 752K and a median price per square foot (PSF) of RM 404.
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 752K, with most transactions falling within a stable range of RM 730K to RM 723K, and a typical market range of RM 680K to RM 723K.
Most transactions involved town house, with high diversity across multiple property types.
Price per square foot shows a median of RM 404, though individual units vary from RM 297 to RM 512 in the core range. The broader market spans RM 351.00 to RM 457.00, indicating diverse property characteristics. A wider spread (IQR: RM 106.00) and deviation (MAD: RM 108) indicate significant PSF variations, likely due to diverse property types or conditions.
While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.
