Penang, Seberang Perai Utara, Butterworth

TAMAN HONG

Area Intelligence

2022

Median Price

RM 580,000

PSF: RM 403

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Residential PSF Trends

Median Price

RM 415,000

PSF: RM 280

Commercial PSF Trends

Median Price

RM 580,000

RM 403 PSF

TAMAN HONG in Seberang Perai Utara, Penang recorded 2 subsale transactions in 2022, with a median price of RM 580K and a median price per square foot (PSF) of RM 403.

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 580K, with most transactions falling within a stable range of RM 560K to RM 600K, and a typical market range of RM 560K to RM 600K.

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 403, with most transactions between RM 377 and RM 429. The usual range is RM 342.00 to RM 464.00, showing that most units are priced quite close to each other. With an IQR of RM 122.00 and MAD of RM 26, 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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