Penang, Seberang Perai Utara, Butterworth

TAMAN RIANG (SPU)

Area Intelligence

2023

Median Price

RM 788,000

PSF: RM 440

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Residential PSF Trends

Median Price

RM 788,000

PSF: RM 440

TAMAN RIANG (SPU) in Seberang Perai Utara, Penang recorded 9 subsale transactions in 2023, with a median price of RM 788K and a median price per square foot (PSF) of RM 440.

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 788K, with most transactions falling within a stable range of RM 738K to RM 460K, and a typical market range of RM 575K to RM 460K.

Most transactions involved 2 - 2 1/2 storey terraced, though some variety exists in the market.

The median PSF stands at RM 440, with core pricing between RM 358 and RM 523. Market pricing typically extends from RM 286.25 to RM 593.75, reflecting moderate variation in unit pricing. The spread of RM 307.50 (IQR) and deviation of RM 83 (MAD) suggest moderate price variations reflecting different property features.

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 RIANG (SPU), Seberang Perai Utara, Penang

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