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 518K to RM 1.06 million, and a typical market range of RM 575K to RM 1.00 million.
Most transactions involved 2 - 2 1/2 storey terraced, though some variety exists in the market.
Price per square foot shows a median of RM 440, though individual units vary from RM 335 to RM 545 in the core range. The broader market spans RM 286.25 to RM 593.75, indicating diverse property characteristics. The spread of RM 307.50 (IQR) and deviation of RM 105 (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.
