Penang, Seberang Perai Utara, Butterworth

TAMAN I & P

Area Intelligence

2023

Median Price

RM 529,000

PSF: RM 400

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Residential PSF Trends

Median Price

RM 529,000

PSF: RM 400

TAMAN I & P in Seberang Perai Utara, Penang recorded 2 subsale transactions in 2023, with a median price of RM 529K and a median price per square foot (PSF) of RM 400.

This area contains both residential and commercial properties. View 7 residential properties or 1 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 529K, with most transactions falling within a stable range of RM 490K to RM 568K, and a typical market range of RM 490K to RM 568K.

Most transactions involved 2 - 2 1/2 storey terraced, with high diversity across multiple property types.

For price per square foot, the median is RM 400, with most transactions between RM 366 and RM 433. The usual range is RM 372.88 to RM 426.13, showing that most units are priced quite close to each other. With an IQR of RM 53.25 and MAD of RM 34, the PSF demonstrates reasonable consistency across the market.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.

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TAMAN I & P, Seberang Perai Utara, Penang

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Transactions

2 transactions found

Popular Ranges

Under RM 300k RM 300k - 500k RM 500k - 750k RM 750k - 1M RM 1M - 2M RM 2M+

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Size Range (sqft)

Popular Ranges

Under 1,000 sqft 1,000 - 2,000 sqft 2,000 - 3,000 sqft 3,000 - 5,000 sqft 5,000 - 10,000 sqft 10,000+ sqft

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RM 568,000

JALAN BUNGA TANJUNG 1

1,312 sqft • RM 433.00 PSF

Oct 2023

RM 490,000

JALAN BUNGA TANJUNG 1

1,340 sqft • RM 366.00 PSF

Mar 2023

Road	Price	Land PSF	Land	Date	Type
JALAN BUNGA TANJUNG 1	RM 568,000	RM 433.00	1,312 sqft	Oct 2023	Double Storey Terraced
JALAN BUNGA TANJUNG 1	RM 490,000	RM 366.00	1,340 sqft	Mar 2023	Double Storey Terraced