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 263K to RM 140K, and a typical market range of RM 74K to RM 140K.

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

The median PSF stands at RM 199, with core pricing between RM 162 and RM 236. Market pricing typically extends from RM 121.50 to RM 276.50, reflecting moderate variation in unit pricing. The spread of RM 155.00 (IQR) and deviation of RM 37 (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. 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

4 transactions grouped by size

Popular Ranges

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

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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

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Road	Price	Land PSF	Land	Date	Type

850 sqft

Flat

850 sqft

Flat

RM 125,000

Level 1

848 sqft · RM 147 PSF

Oct 2023

RM 135,000

Level 1

848 sqft · RM 159 PSF

Oct 2023

RM 140,000

Level 2

848 sqft · RM 165 PSF

Oct 2023

RM 60,000

Level 4

839 sqft · RM 72 PSF

Jan 2023

Level 1	RM 125,000	RM 147	848 sqft	Oct 2023
Level 1	RM 135,000	RM 159	848 sqft	Oct 2023
Level 2	RM 140,000	RM 165	848 sqft	Oct 2023
Level 4	RM 60,000	RM 72	839 sqft	Jan 2023