Penang, Seberang Perai Utara, Butterworth

TAMAN BAGAN AJAM

Area Intelligence

2024

Median Price

RM 490,000

PSF: RM 396

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Residential PSF Trends

Median Price

RM 490,000

PSF: RM 396

TAMAN BAGAN AJAM in Seberang Perai Utara, Penang recorded 2 subsale transactions in 2024, with a median price of RM 490K and a median price per square foot (PSF) of RM 396.

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 490K, with most transactions falling within a stable range of RM 480K to RM 500K, and a typical market range of RM 480K to RM 500K.

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

For price per square foot, the median is RM 396, with most transactions between RM 388 and RM 404. The usual range is RM 361.63 to RM 430.38, showing that most units are priced quite close to each other. With an IQR of RM 68.75 and MAD of RM 8, 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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