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 153K to RM 203K, and a typical market range of RM 156K to RM 200K.

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

The median PSF stands at RM 259, with core pricing between RM 223 and RM 295. Market pricing typically extends from RM 226.75 to RM 290.25, reflecting moderate variation in unit pricing. With an IQR of RM 63.50 and MAD of RM 36, 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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