Penang, Seberang Perai Utara, Butterworth

TAMAN BAGAN AJAM

Area Intelligence

2023

Median Price

RM 450,000

PSF: RM 311

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Residential PSF Trends

Median Price

RM 450,000

PSF: RM 311

TAMAN BAGAN AJAM in Seberang Perai Utara, Penang recorded 2 subsale transactions in 2023, priced between RM 300K and RM 750K, with a median price of RM 450K and a median price per square foot (PSF) of RM 311.

This area contains both residential and commercial properties. View 9 residential properties or 1 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 450K, with most transactions falling within a stable range of RM 410K to RM 490K, and a typical market range of RM 421K to RM 479K.

Most transactions involved 2 - 2 1/2 storey terraced, with minimal variety in property types.

The median PSF stands at RM 311, with core pricing between RM 272 and RM 350. Market pricing typically extends from RM 276.75 to RM 345.50, reflecting moderate variation in unit pricing. With an IQR of RM 68.75 and MAD of RM 39, the PSF demonstrates reasonable consistency across the market.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.

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TAMAN BAGAN AJAM, Seberang Perai Utara, Penang

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