Penang, Seberang Perai Utara, Butterworth

TAMAN I & P

Area Intelligence

2024

Median Price

RM 460,000

PSF: RM 343

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Residential PSF Trends

Median Price

RM 460,000

PSF: RM 343

TAMAN I & P in Seberang Perai Utara, Penang recorded 3 subsale transactions in 2024, priced between RM 300K and RM 750K, with a median price of RM 460K and a median price per square foot (PSF) of RM 343.

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 460K, with most transactions falling within a stable range of RM 450K to RM 491K, and a typical market range of RM 450K to RM 520K.

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 343, with most transactions between RM 332 and RM 354. The usual range is RM 316.66 to RM 369.91, showing that most units are priced quite close to each other. With an IQR of RM 53.25 and MAD of RM 11, 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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