Penang, Seberang Perai Utara, Butterworth

TAMAN HONG

Area Intelligence

2023

Median Price

RM 620,000

PSF: RM 457

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Residential PSF Trends

Median Price

RM 450,000

PSF: RM 322

Commercial PSF Trends

Median Price

RM 650,000

RM 472 PSF

TAMAN HONG in Seberang Perai Utara, Penang recorded 3 subsale transactions in 2023, with a median price of RM 620K and a median price per square foot (PSF) of RM 457.

This area contains both residential and commercial properties. View 2 residential properties or 5 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 620K, with most transactions falling within a stable range of RM 620K to RM 650K, and a typical market range of RM 620K to RM 680K.

Most transactions involved 3 - 3 1/2 storey shop, though some variety exists in the market.

For price per square foot, the median is RM 457, with most transactions between RM 443 and RM 472. The usual range is RM 396.00 to RM 518.00, showing that most units are priced quite close to each other. With an IQR of RM 122.00 and MAD of RM 15, 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. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.

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TAMAN HONG, Seberang Perai Utara, Penang

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