TAMAN GEMILANG (SPU)

Area Intelligence

2023

Median Price

RM 130,000

PSF: RM 183

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Residential PSF Trends

Median Price

RM 130,000

PSF: RM 183

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 124K to RM 135K, and a typical market range of RM 120K to RM 135K.

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

For price per square foot, the median is RM 183, with most transactions between RM 176 and RM 190. The usual range is RM 157.50 to RM 208.50, showing that most units are priced quite close to each other. With an IQR of RM 51.00 and MAD of RM 7, 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.

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TAMAN GEMILANG (SPU), Seberang Perai Utara, Penang

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