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 523K to RM 680K, and a typical market range of RM 548K to RM 680K.

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

The median PSF stands at RM 457, with core pricing between RM 386 and RM 528. Market pricing typically extends from RM 396.00 to RM 518.00, reflecting moderate variation in unit pricing. The spread of RM 122.00 (IQR) and deviation of RM 71 (MAD) suggest moderate price variations reflecting different property features.

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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