TAMAN ORIENTAL in Timur Laut, Penang recorded 2 subsale transactions in 2023, with a median price of RM 358K 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 358K, with most transactions falling within a stable range of RM 205K to RM 510K, and a typical market range of RM 148K to RM 567K.
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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.
