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 2 subsale transactions in 2021, priced between RM 300K and RM 750K, 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 460K to RM 578K, and a typical market range of RM 460K to RM 578K.

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

For price per square foot, the median is RM 330, with most transactions between RM 307 and RM 353. The usual range is RM 214.86 to RM 445.86, showing that most units are priced quite close to each other. With an IQR of RM 231.00 and MAD of RM 23, 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. Limited transaction history suggests carefully evaluating comparable sales data.

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TAMAN BAGAN, Seberang Perai Utara, Penang

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