TAMAN RATNA

Area Intelligence

2023

Median Price

RM 500,000

PSF: RM 327

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Residential PSF Trends

Median Price

RM 475,000

PSF: RM 298

Commercial PSF Trends

Median Price

RM 610,000

RM 436 PSF

TAMAN RATNA in Seberang Perai Utara, Penang recorded 3 subsale transactions in 2023, with a median price of RM 500K and a median price per square foot (PSF) of RM 327.

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 500K, with most transactions falling within a stable range of RM 450K to RM 567K, and a typical market range of RM 450K to RM 610K.

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

Price per square foot shows a median of RM 327, though individual units vary from RM 258 to RM 396 in the core range. The broader market spans RM 249.50 to RM 404.50, indicating diverse property characteristics. The spread of RM 155.00 (IQR) and deviation of RM 69 (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.

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TAMAN RATNA, Seberang Perai Utara, Penang

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