TAMAN UDARA

Area Intelligence

2023

Median Price

RM 505,000

PSF: RM 215

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Residential PSF Trends

Median Price

RM 505,000

PSF: RM 215

TAMAN UDARA in Seberang Perai Utara, Penang recorded 2 subsale transactions in 2023, with a median price of RM 505K and a median price per square foot (PSF) of RM 215.

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 505K, with most transactions falling within a stable range of RM 435K to RM 575K, and a typical market range of RM 435K to RM 575K.

Most transactions involved 2 - 2 1/2 storey semi-detached, with moderate diversity in property types available.

The median PSF stands at RM 215, with core pricing between RM 176 and RM 254. Market pricing typically extends from RM 154.63 to RM 275.38, reflecting moderate variation in unit pricing. The spread of RM 120.75 (IQR) and deviation of RM 39 (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 UDARA, Seberang Perai Utara, Penang

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