Penang, Seberang Perai Utara, Butterworth

TAMAN KHENG HONG

Area Intelligence

2023

Median Price

RM 380,000

PSF: RM 263

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TAMAN KHENG HONG in Seberang Perai Utara, Penang recorded 1 subsale transactions in 2023, priced between RM 300K and RM 500K, with a median price of RM 380K and a median price per square foot (PSF) of RM 263.

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

For price per square foot, the median is RM 263, with most transactions between RM 263 and RM 263. The usual range is RM 201.21 to RM 325.71, showing that most units are priced quite close to each other. With an IQR of RM 124.50 and MAD of RM 0, 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.

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TAMAN KHENG HONG, Seberang Perai Utara, Penang

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