Penang, Seberang Perai Utara, Butterworth

TAMAN BAGAN BARU

Area Intelligence

2023

Median Price

RM 675,000

PSF: RM 278

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Residential PSF Trends

Median Price

RM 675,000

PSF: RM 278

Commercial PSF Trends

Median Price

RM 700,000

RM 606 PSF

TAMAN BAGAN BARU in Seberang Perai Utara, Penang recorded 2 subsale transactions in 2023, with a median price of RM 675K and a median price per square foot (PSF) of RM 278.

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 600K to RM 750K, and a typical market range of RM 619K to RM 731K.

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 278, with most transactions between RM 256 and RM 300. The usual range is RM 110.63 to RM 445.38, showing that most units are priced quite close to each other. With an IQR of RM 334.75 and MAD of RM 22, 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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