TAMAN RATNA

Area Intelligence

2022

Median Price

RM 317,500

PSF: RM 206

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Residential PSF Trends

Median Price

RM 317,500

PSF: RM 206

Commercial PSF Trends

Median Price

RM 650,000

RM 465 PSF

TAMAN RATNA in Seberang Perai Utara, Penang recorded 4 subsale transactions in 2022, with a median price of RM 318K and a median price per square foot (PSF) of RM 206.

This area contains both residential and commercial properties. View 13 residential properties or 2 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 318K, with most transactions falling within a stable range of RM 288K to RM 120K, and a typical market range of RM 96K to RM 120K.

Most transactions involved flats, with high diversity across multiple property types.

The median PSF stands at RM 206, with core pricing between RM 177 and RM 236. Market pricing typically extends from RM 128.50 to RM 283.50, reflecting moderate variation in unit pricing. With an IQR of RM 155.00 and MAD of RM 30, 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 RATNA, Seberang Perai Utara, Penang

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