TAMAN GEMILANG (SPU)

TAMAN GEMILANG (SPU) in Seberang Perai Utara, Penang recorded 3 subsale transactions in 2023, with a median price of RM 130K 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 130K, with most transactions falling within a stable range of RM 110K to RM 150K, and a typical market range of RM 109K to RM 151K.

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

The median PSF stands at RM 183, with core pricing between RM 157 and RM 210. Market pricing typically extends from RM 157.50 to RM 208.50, reflecting moderate variation in unit pricing. With an IQR of RM 51.00 and MAD of RM 27, the PSF demonstrates reasonable consistency across the market.

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.