Penang, Seberang Perai Utara, Butterworth

TAMAN BAGAN BARU

Area Intelligence

2023

Median Price

RM 675,000

PSF: RM 525

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Residential PSF Trends

Median Price

RM 650,000

PSF: RM 300

Commercial PSF Trends

Median Price

RM 675,000

RM 585 PSF

TAMAN BAGAN BARU in Seberang Perai Utara, Penang recorded 9 subsale transactions in 2023, with a median price of RM 675K and a median price per square foot (PSF) of RM 525.

This area contains both residential and commercial properties. View 15 residential properties or 9 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 675K, with most transactions falling within a stable range of RM 645K to RM 410K, and a typical market range of RM 619K to RM 410K.

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

For price per square foot, the median is RM 525, with most transactions between RM 483 and RM 567. The usual range is RM 357.63 to RM 692.38, showing that most units are priced quite close to each other. With an IQR of RM 334.75 and MAD of RM 42, 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. Despite diverse property types, prices remain relatively stable, offering options for different buyer preferences. Limited transaction history suggests carefully evaluating comparable sales data.

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TAMAN BAGAN BARU, Seberang Perai Utara, Penang

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Transactions

2 transactions found

Popular Ranges

Under RM 300k RM 300k - 500k RM 500k - 750k RM 750k - 1M RM 1M - 2M RM 2M+

Custom Range

Min Price (RM)

Max Price (RM)

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Size Range (sqft)

Popular Ranges

Under 1,000 sqft 1,000 - 2,000 sqft 2,000 - 3,000 sqft 3,000 - 5,000 sqft 5,000 - 10,000 sqft 10,000+ sqft

Custom Range

Min Size (sqft)

Max Size (sqft)

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RM 350,000

JALAN HENG CHOON THIAN

1,816 sqft • RM 193.00 PSF

Dec 2023

RM 410,000

TINGKAT BAGAN BARU 1

1,479 sqft • RM 277.00 PSF

Jan 2023

Road	Price	Land PSF	Land	Date	Type
JALAN HENG CHOON THIAN	RM 350,000	RM 193.00	1,816 sqft	Dec 2023	Double Storey Shop
TINGKAT BAGAN BARU 1	RM 410,000	RM 277.00	1,479 sqft	Jan 2023	Single Storey Terraced