Penang, Seberang Perai Utara, Butterworth

TAMAN BAGAN AJAM

Area Intelligence

2022

Median Price

RM 550,000

PSF: RM 444

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Residential PSF Trends

Median Price

RM 550,000

PSF: RM 444

TAMAN BAGAN AJAM in Seberang Perai Utara, Penang recorded 3 subsale transactions in 2022, with a median price of RM 550K and a median price per square foot (PSF) of RM 444.

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 550K, with most transactions falling within a stable range of RM 536K to RM 550K, and a typical market range of RM 521K to RM 550K.

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

For price per square foot, the median is RM 444, with most transactions between RM 411 and RM 477. The usual range is RM 409.63 to RM 478.38, showing that most units are priced quite close to each other. With an IQR of RM 68.75 and MAD of RM 33, 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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