TAMAN BUNGA TANJUNG in Seberang Perai Utara, Penang recorded 5 subsale transactions in 2023, with a median price of RM 180K and a median price per square foot (PSF) of RM 261.
This area consists exclusively of residential properties, with no commercial listings recorded.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 180K, with most transactions falling within a stable range of RM 107K to RM 253K, and a typical market range of RM 158K to RM 202K.
Most transactions involved flats, though some variety exists in the market.
Price per square foot shows a median of RM 261, though individual units vary from RM 166 to RM 356 in the core range. The broader market spans RM 229.25 to RM 292.75, indicating diverse property characteristics. A wider spread (IQR: RM 63.50) and deviation (MAD: RM 95) indicate significant PSF variations, likely due to diverse property types or conditions.
While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.
