TAMAN PENAGA in Seberang Perai Utara, Penang recorded 11 subsale transactions in 2024, with a median price of RM 250K and a median price per square foot (PSF) of RM 220.
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 250K, with most transactions falling within a stable range of RM 200K to RM 320K, and a typical market range of RM 205K to RM 295K.
Most transactions involved 1 - 1 1/2 storey terraced, with moderate diversity in property types available.
The median PSF stands at RM 220, with core pricing between RM 177 and RM 263. Market pricing typically extends from RM 195.00 to RM 245.00, reflecting moderate variation in unit pricing. The spread of RM 50.00 (IQR) and deviation of RM 43 (MAD) suggest moderate price variations reflecting different property features.
Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.
