Penang, Seberang Perai Utara, Butterworth

TAMAN BAGAN

Area Intelligence

2023

Median Price

RM 402,500

PSF: RM 298

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Residential PSF Trends

Median Price

RM 402,500

PSF: RM 298

Commercial PSF Trends

Median Price

RM 1,420,000

RM 444 PSF

TAMAN BAGAN in Seberang Perai Utara, Penang recorded 24 subsale transactions in 2023, with a median price of RM 403K and a median price per square foot (PSF) of RM 298.

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 403K, with most transactions falling within a stable range of RM 400K to RM 435K, and a typical market range of RM 400K to RM 490K.

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

For price per square foot, the median is RM 298, with most transactions between RM 269 and RM 327. The usual range is RM 182.50 to RM 413.50, showing that most units are priced quite close to each other. With an IQR of RM 231.00 and MAD of RM 29, the PSF demonstrates reasonable consistency across the market.

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. Moderate transaction volume may require patience when buying or selling.

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TAMAN BAGAN, Seberang Perai Utara, Penang

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Transactions

6 transactions grouped by size

Popular Ranges

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

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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

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Road	Price	Land PSF	Land	Date	Type

1,300 sqft

Single Storey Terraced

1,300 sqft

Single Storey Terraced

RM 450,000

JALAN BAGAN 3

1,302 sqft · RM 346 PSF

Nov 2023

RM 490,000

JALAN BAGAN 5

1,302 sqft · RM 376 PSF

Nov 2023

RM 400,000

JALAN BAGAN 19

1,302 sqft · RM 307 PSF

May 2023

RM 420,000

JALAN BAGAN 15

1,302 sqft · RM 322 PSF

Mar 2023

JALAN BAGAN 3	RM 450,000	RM 346	1,302 sqft	Nov 2023
JALAN BAGAN 5	RM 490,000	RM 376	1,302 sqft	Nov 2023
JALAN BAGAN 19	RM 400,000	RM 307	1,302 sqft	May 2023
JALAN BAGAN 15	RM 420,000	RM 322	1,302 sqft	Mar 2023