Penang
Timur Laut
Georgetown
TAMAN LEMBAH SUNGAI

TAMAN LEMBAH SUNGAI

Area Intelligence

2023

Median Price

RM 255,000

PSF: RM 376

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Residential PSF Trends

Median Price

RM 255,000

PSF: RM 376

TAMAN LEMBAH SUNGAI in Timur Laut, Penang recorded 2 subsale transactions in 2023, with a median price of RM 255K and a median price per square foot (PSF) of RM 376.

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 255K, with most transactions falling within a stable range of RM 240K to RM 270K, and a typical market range of RM 240K to RM 270K.

Most transactions involved flats, though some variety exists in the market.

For price per square foot, the median is RM 376, with most transactions between RM 354 and RM 398. The usual range is RM 345.75 to RM 406.25, showing that most units are priced quite close to each other. With an IQR of RM 60.50 and MAD of RM 22, the PSF demonstrates reasonable consistency across the market.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.

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TAMAN LEMBAH SUNGAI, Timur Laut, Penang

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