TAMAN GEMILANG (SPU)

Area Intelligence

2022

Median Price

RM 162,500

PSF: RM 183

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Residential PSF Trends

Median Price

RM 162,500

PSF: RM 183

TAMAN GEMILANG (SPU) in Seberang Perai Utara, Penang recorded 2 subsale transactions in 2022, with a median price of RM 163K and a median price per square foot (PSF) of RM 183.

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 163K, with most transactions falling within a stable range of RM 150K to RM 175K, and a typical market range of RM 150K to RM 175K.

Most transactions involved flats, with minimal variety in property types.

The median PSF stands at RM 183, with core pricing between RM 152 and RM 214. Market pricing typically extends from RM 157.50 to RM 208.50, reflecting moderate variation in unit pricing. The spread of RM 51.00 (IQR) and deviation of RM 31 (MAD) suggest moderate price variations reflecting different property features.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.

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TAMAN GEMILANG (SPU), Seberang Perai Utara, Penang

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