TAMAN RIANG (SPU) in Seberang Perai Utara, Penang recorded 11 subsale transactions in 2024, with a median price of RM 1.05 million and a median price per square foot (PSF) of RM 725.
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 1.05 million, with most transactions falling within a stable range of RM 781K to RM 1.32 million, and a typical market range of RM 838K to RM 1.26 million.
Most transactions involved 2 - 2 1/2 storey terraced, though some variety exists in the market.
The median PSF stands at RM 725, with core pricing between RM 620 and RM 830. Market pricing typically extends from RM 571.25 to RM 878.75, reflecting moderate variation in unit pricing. With an IQR of RM 307.50 and MAD of RM 105, 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.
