| Road | Price | PSF | Size | Date | Type |
|---|
|
Lorong Penaga 27
|
RM 153,000
|
RM 153
|
1,001 sqft
|
|
|
|
Lorong Penaga 3
|
RM 150,000
|
RM 150
|
1,001 sqft
|
|
|
Lorong Penaga 4
|
RM 220,000
|
RM 200
|
1,098 sqft
|
|
|
|
Lorong Penaga 22
|
RM 220,000
|
RM 200
|
1,098 sqft
|
|
|
|
Lorong Penaga 6
|
RM 240,000
|
RM 219
|
1,098 sqft
|
|
|
|
Lorong Penaga 4
|
RM 220,000
|
RM 200
|
1,098 sqft
|
|
|
|
Lorong Penaga 6
|
RM 170,000
|
RM 155
|
1,098 sqft
|
|
|
Lorong Penaga 24
|
RM 290,000
|
RM 223
|
1,302 sqft
|
|
|
Lorong Penaga 2
|
RM 296,000
|
RM 192
|
1,539 sqft
|
|
|
|
Lorong Penaga 16
|
RM 300,000
|
RM 195
|
1,539 sqft
|
|
|
Lorong Penaga 30
|
RM 350,000
|
RM 133
|
2,626 sqft
|
|
|
|
Lorong Penaga 24
|
RM 300,000
|
RM 114
|
2,626 sqft
|
|
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Market Snapshot
ResidentialRM 230,000
RM 194 psfMedian transaction price
Taman Penaga, 13100 Penaga, Pulau Pinang, Malaysia
MapsTaman Penaga in Seberang Perai Utara, Penang recorded 12 subsale transactions in 2022, with a median price of RM 230K and a median price per square foot (PSF) of RM 194.
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 230K, with most transactions falling within a stable range of RM 168K to RM 292K, and a typical market range of RM 186K to RM 274K.
Most transactions involved 1 - 1 1/2 storey terraced, with moderate diversity in property types available.
The median PSF stands at RM 194, with core pricing between RM 160 and RM 227. Market pricing typically extends from RM 168.85 to RM 218.35, reflecting moderate variation in unit pricing. The spread of RM 49.50 (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.