TAMAN GEMILANG (SPU)

Area Intelligence

2024

Median Price

RM 175,000

PSF: RM 250

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Residential PSF Trends

Median Price

RM 175,000

PSF: RM 250

TAMAN GEMILANG (SPU) in Seberang Perai Utara, Penang recorded 3 subsale transactions in 2024, with a median price of RM 175K and a median price per square foot (PSF) of RM 250.

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 175K, with most transactions falling within a stable range of RM 160K to RM 224K, and a typical market range of RM 160K to RM 196K.

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

Price per square foot shows a median of RM 250, though individual units vary from RM 182 to RM 318 in the core range. The broader market spans RM 224.50 to RM 275.50, indicating diverse property characteristics. A wider spread (IQR: RM 51.00) and deviation (MAD: RM 68) indicate significant PSF variations, likely due to diverse property types or conditions.

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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