TAMAN ORIENTAL

Area Intelligence
2023
Median Price
RM 577,500
PSF: RM 503

Residential PSF Trends

Median Price

RM 380,000

PSF: RM 504

Commercial PSF Trends

Median Price

RM 930,000

RM 497 PSF

TAMAN ORIENTAL in Timur Laut, Penang recorded 4 subsale transactions in 2023, with a median price of RM 578K and a median price per square foot (PSF) of RM 503.

This area contains both residential and commercial properties. View 3 residential properties or 3 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 578K, with most transactions falling within a stable range of RM 775K to RM 655K, and a typical market range of RM 775K to RM 787K.

Most transactions involved 1 - 1 1/2 storey shop, with moderate diversity in property types available.

For price per square foot, the median is RM 503, with most transactions between RM 479 and RM 527. The usual range is RM 484.75 to RM 521.25, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 36.50 and an average deviation (MAD) of RM 24 indicate a highly stable PSF trend across properties.

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 ORIENTAL, Timur Laut, Penang

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Transactions

4 transactions grouped by size

650 sqft
Single Storey Terraced
RM 335,000
JALAN ORIENTAL 6
667 sqft · RM 502 PSF
750 sqft
Single Storey Terraced
RM 380,000
JALAN ORIENTAL 6
753 sqft · RM 504 PSF
1,400 sqft
Single Storey Terraced
RM 775,000
JALAN ORIENTAL 1
1,421 sqft · RM 545 PSF
1,850 sqft
Single Storey Shop
RM 930,000
JALAN PAYA TERUBONG
1,873 sqft · RM 497 PSF

No Properties For Sale

There are currently no properties listed for sale in this area.

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