Penang, Seberang Perai Utara, Butterworth

TAMAN KHENG HONG

Area Intelligence

2023

Median Price

RM 505,000

PSF: RM 350

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TAMAN KHENG HONG in Seberang Perai Utara, Penang recorded 2 subsale transactions in 2023, priced between RM 300K and RM 750K, with a median price of RM 505K and a median price per square foot (PSF) of RM 350.

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.

Price per square foot shows a median of RM 350, though individual units vary from RM 263 to RM 437 in the core range. The broader market spans RM 287.87 to RM 412.37, indicating diverse property characteristics. The spread of RM 124.50 (IQR) and deviation of RM 87 (MAD) suggest moderate price variations reflecting different property features.

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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