Penang, Seberang Perai Utara, Butterworth

TAMAN BAYU

Area Intelligence

2023

Median Price

RM 292,000

PSF: RM 327

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Residential PSF Trends

Median Price

RM 292,000

PSF: RM 327

TAMAN BAYU in Seberang Perai Utara, Penang recorded 2 subsale transactions in 2023, with a median price of RM 292K and a median price per square foot (PSF) of RM 327.

This area consists exclusively of residential properties, with no commercial listings recorded.

Price remained flat, and PSF growth was PSF remained flat.

Most transactions involved 2 - 2 1/2 storey semi-detached, with moderate diversity in property types available.

For price per square foot, the median is RM 327, with most transactions between RM 327 and RM 327. The usual range is RM 270.75 to RM 383.25, showing that most units are priced quite close to each other. With an IQR of RM 112.50 and MAD of RM 0, 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 BAYU, Seberang Perai Utara, Penang

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