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 786K to RM 620K, and a typical market range of RM 615K to RM 620K.

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

For price per square foot, the median is RM 440, with most transactions between RM 440 and RM 440. The usual range is RM 286.25 to RM 593.75, showing that most units are priced quite close to each other. With an IQR of RM 307.50 and MAD of RM 0, 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.

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TAMAN RIANG (SPU), Seberang Perai Utara, Penang

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