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 640K to RM 424K, and a typical market range of RM 640K to RM 678K.

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 288 and RM 308. 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 10, 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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