Penang, Seberang Perai Utara, Butterworth

TAMAN JAYA

Area Intelligence

2023

Median Price

RM 700,000

PSF: RM 367

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TAMAN JAYA in Seberang Perai Utara, Penang recorded 2 subsale transactions in 2023, with a median price of RM 700K and a median price per square foot (PSF) of RM 367.

This area consists exclusively of residential properties, with no commercial listings recorded.

Price remained flat, and PSF growth was PSF remained flat.

Most transactions involved 1 - 1 1/2 storey terraced, with moderate diversity in property types available.

For price per square foot, the median is RM 367, with most transactions between RM 367 and RM 367. The usual range is RM 334.50 to RM 399.50, showing that most units are priced quite close to each other. With an IQR of RM 65.00 and MAD of RM 0, 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. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.

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TAMAN JAYA, Seberang Perai Utara, Penang

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