Taman Teratai
Butterworth, Pulau Pinang, Malaysia
Butterworth, Pulau Pinang, Malaysia
| Road | Price | PSF | Size | Date | Type |
|---|
|
Jalan Teratai 1
|
RM 490,000
|
RM 306
|
1,604 sqft
|
|
|
Jalan Kpg Baru
|
RM 1,550,000
|
RM 442
|
3,509 sqft
|
|
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Market Snapshot
ResidentialRM 1,020,000
RM 374 psfMedian transaction price
Taman Teratai, Butterworth, Pulau Pinang, Malaysia
MapsTaman Teratai in Seberang Perai Utara, Penang recorded 2 subsale transactions in 2024, with a median price of RM 1.02 million and a median price per square foot (PSF) of RM 374.
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 1.02 million, with most transactions falling within a stable range of RM 490K to RM 1.55 million, and a typical market range of RM 540K to RM 1.50 million.
Most transactions involved detached, with moderate diversity in property types available.
The median PSF stands at RM 374, with core pricing between RM 306 and RM 442. Market pricing typically extends from RM 356.62 to RM 390.62, reflecting moderate variation in unit pricing. The spread of RM 34.00 (IQR) and deviation of RM 68 (MAD) suggest moderate price variations reflecting different property features.
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.