TAMAN BUNGA TANJUNG

Area Intelligence

2022

Median Price

RM 178,000

PSF: RM 259

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Residential PSF Trends

Median Price

RM 178,000

PSF: RM 259

TAMAN BUNGA TANJUNG in Seberang Perai Utara, Penang recorded 2 subsale transactions in 2022, with a median price of RM 178K and a median price per square foot (PSF) of RM 259.

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 178K, with most transactions falling within a stable range of RM 163K to RM 193K, and a typical market range of RM 163K to RM 193K.

Most transactions involved flats, though some variety exists in the market.

For price per square foot, the median is RM 259, with most transactions between RM 237 and RM 280. The usual range is RM 226.75 to RM 290.25, showing that most units are priced quite close to each other. With an IQR of RM 63.50 and MAD of RM 22, 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. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.

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TAMAN BUNGA TANJUNG, Seberang Perai Utara, Penang

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