Penang, Seberang Perai Utara, Butterworth

TAMAN BAGAN

Area Intelligence

2021

Median Price

RM 519,000

PSF: RM 330

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Residential PSF Trends

Median Price

RM 519,000

PSF: RM 330

TAMAN BAGAN in Seberang Perai Utara, Penang recorded 4 subsale transactions in 2021, with a median price of RM 519K and a median price per square foot (PSF) of RM 330.

This area contains both residential and commercial properties. View 98 residential properties or 3 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 519K, with most transactions falling within a stable range of RM 578K to RM 630K, and a typical market range of RM 578K to RM 794K.

Most transactions involved low-cost flat, with high diversity across multiple property types.

The median PSF stands at RM 330, with core pricing between RM 276 and RM 385. Market pricing typically extends from RM 214.86 to RM 445.86, reflecting moderate variation in unit pricing. The spread of RM 231.00 (IQR) and deviation of RM 54 (MAD) suggest moderate price variations reflecting different property features.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.

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TAMAN BAGAN, Seberang Perai Utara, Penang

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