TAMAN RATNA

Area Intelligence

2023

Median Price

RM 295,000

PSF: RM 199

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Residential PSF Trends

Median Price

RM 140,000

PSF: RM 165

Commercial PSF Trends

Median Price

RM 610,000

RM 436 PSF

TAMAN RATNA in Seberang Perai Utara, Penang recorded 8 subsale transactions in 2023, with a median price of RM 295K and a median price per square foot (PSF) of RM 199.

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 295K, with most transactions falling within a stable range of RM 77K to RM 513K, and a typical market range of RM 74K to RM 516K.

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

Price per square foot shows a median of RM 199, though individual units vary from RM 90 to RM 308 in the core range. The broader market spans RM 121.50 to RM 276.50, indicating diverse property characteristics. A wider spread (IQR: RM 155.00) and deviation (MAD: RM 109) indicate significant PSF variations, likely due to diverse property types or conditions.

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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Transactions

8 transactions found

Popular Ranges

Under RM 300k RM 300k - 500k RM 500k - 750k RM 750k - 1M RM 1M - 2M RM 2M+

Custom Range

Min Price (RM)

Max Price (RM)

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Size Range (sqft)

Popular Ranges

Under 1,000 sqft 1,000 - 2,000 sqft 2,000 - 3,000 sqft 3,000 - 5,000 sqft 5,000 - 10,000 sqft 10,000+ sqft

Custom Range

Min Size (sqft)

Max Size (sqft)

Clear

RM 595,000

JALAN LEBUH NAKHODA

2,551 sqft • RM 233.00 PSF

Oct 2023

RM 125,000

Level 1

848 sqft • RM 147.00 PSF

Oct 2023

RM 135,000

Level 1

848 sqft • RM 159.00 PSF

Oct 2023

RM 140,000

Level 2

848 sqft • RM 165.00 PSF

Oct 2023

RM 500,000

JALAN NAKHODA

1,862 sqft • RM 269.00 PSF

May 2023

RM 450,000

LORONG NAKHODA 2

1,378 sqft • RM 327.00 PSF

Mar 2023

RM 610,000

JALAN TELUK AIR TAWAR

1,399 sqft • RM 436.00 PSF

Jan 2023

RM 60,000

Level 4

839 sqft • RM 72.00 PSF

Jan 2023

Road	Price	Land PSF	Land	Date	Type
JALAN LEBUH NAKHODA	RM 595,000	RM 233.00	2,551 sqft	Oct 2023	Double Storey Semi-D
Level 1	RM 125,000	RM 147.00	848 sqft	Oct 2023	Flat
Level 1	RM 135,000	RM 159.00	848 sqft	Oct 2023	Flat
Level 2	RM 140,000	RM 165.00	848 sqft	Oct 2023	Flat
JALAN NAKHODA	RM 500,000	RM 269.00	1,862 sqft	May 2023	Double Storey Terraced
LORONG NAKHODA 2	RM 450,000	RM 327.00	1,378 sqft	Mar 2023	Double Storey Terraced
JALAN TELUK AIR TAWAR	RM 610,000	RM 436.00	1,399 sqft	Jan 2023	Double Storey Shop
Level 4	RM 60,000	RM 72.00	839 sqft	Jan 2023	Flat