Penang, Seberang Perai Utara, Butterworth

TAMAN BAGAN BARU

Area Intelligence

2022

Median Price

RM 505,000

PSF: RM 294

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Residential PSF Trends

Median Price

RM 505,000

PSF: RM 320

Commercial PSF Trends

Median Price

RM 700,000

RM 606 PSF

TAMAN BAGAN BARU in Seberang Perai Utara, Penang recorded 4 subsale transactions in 2022, with a median price of RM 505K and a median price per square foot (PSF) of RM 294.

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 505K, with most transactions falling within a stable range of RM 650K to RM 543K, and a typical market range of RM 650K to RM 561K.

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 294, with most transactions between RM 288 and RM 300. The usual range is RM 126.49 to RM 461.24, showing that most units are priced quite close to each other. With an IQR of RM 334.75 and MAD of RM 6, 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. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.

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TAMAN BAGAN BARU, Seberang Perai Utara, Penang

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