TAMAN PENAGA in Seberang Perai Utara, Penang recorded 8 subsale transactions in 2021, with a median price of RM 200K and a median price per square foot (PSF) of RM 181.
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 200K, with most transactions falling within a stable range of RM 138K to RM 262K, and a typical market range of RM 155K to RM 245K.
Most transactions involved 1 - 1 1/2 storey terraced, with moderate diversity in property types available.
The median PSF stands at RM 181, with core pricing between RM 147 and RM 214. Market pricing typically extends from RM 155.50 to RM 205.50, reflecting moderate variation in unit pricing. The spread of RM 50.00 (IQR) and deviation of RM 34 (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. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.
