BANDAR TANJONG PINANG

Area Intelligence
2023
Median Price
RM 5,825,000
PSF: RM 883

Residential PSF Trends

Median Price

RM 5,825,000

PSF: RM 883

BANDAR TANJONG PINANG in Timur Laut, Penang recorded 6 subsale transactions in 2023, with a median price of RM 5.83 million and a median price per square foot (PSF) of RM 883.

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 5.83 million, with most transactions falling within a stable range of RM 5.10 million to RM 6.32 million, and a typical market range of RM 4.99 million to RM 6.32 million.

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

The median PSF stands at RM 883, with core pricing between RM 732 and RM 1,034. Market pricing typically extends from RM 748.50 to RM 1,017.50, reflecting moderate variation in unit pricing. The spread of RM 269.00 (IQR) and deviation of RM 151 (MAD) suggest moderate price variations reflecting different property features.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.

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BANDAR TANJONG PINANG, Timur Laut, Penang

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Transactions

6 transactions grouped by size

5,450 sqft
Double Storey Semi-D
RM 4,300,000
LENGKOK ENDAU
5,455 sqft · RM 788 PSF
5,700 sqft
Bungalow
RM 6,120,000
DENAI BAYU 12
5,678 sqft · RM 1,078 PSF
5,850 sqft
Bungalow
RM 6,320,000
DENAI BAYU 12
5,838 sqft · RM 1,082 PSF
6,400 sqft
Double Storey Terraced
RM 6,000,000
DENAI BAYU 2
6,400 sqft · RM 938 PSF
6,800 sqft
Double Storey Semi-D
RM 5,650,000
DENAI ENDAU 7
6,821 sqft · RM 828 PSF
7,250 sqft
Double Storey Semi-D
RM 4,880,000
DENAI ENDAU 11
7,268 sqft · RM 671 PSF

No Properties For Sale

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

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