Penang
Seberang Perai Utara
16
TAMAN BAGAN LALLANG

TAMAN BAGAN LALLANG

Area Intelligence

2021

Median Price

RM 220,000

PSF: RM 259

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Residential PSF Trends

Median Price

RM 220,000

PSF: RM 259

TAMAN BAGAN LALLANG in Seberang Perai Utara, Penang recorded 3 subsale transactions in 2021, with a median price of RM 220K and a median price per square foot (PSF) of RM 259.

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 220K, with most transactions falling within a stable range of RM 218K to RM 235K, and a typical market range of RM 218K to RM 250K.

Most transactions involved 2 - 2 1/2 storey terraced, with high diversity across multiple property types.

For price per square foot, the median is RM 259, with most transactions between RM 242 and RM 276. The usual range is RM 185.38 to RM 332.63, showing that most units are priced quite close to each other. With an IQR of RM 147.25 and MAD of RM 17, 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.

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TAMAN BAGAN LALLANG, Seberang Perai Utara, Penang

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