TAMAN KHENG HONG

TAMAN KHENG HONG in Seberang Perai Utara, Penang recorded 2 subsale transactions in 2023, with a median price of RM 505K and a median price per square foot (PSF) of RM 279.

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

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 505K, with most transactions falling within a stable range of RM 380K to RM 630K, and a typical market range of RM 443K to RM 568K.

Most transactions involved 2 - 2 1/2 storey terraced, with minimal variety in property types.

For price per square foot, the median is RM 279, with most transactions between RM 260 and RM 297. The usual range is RM 216.25 to RM 340.75, showing that most units are priced quite close to each other. With an IQR of RM 124.50 and MAD of RM 19, 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. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.