TAMAN PERAK

TAMAN PERAK in Timur Laut, Penang recorded 1 subsale transactions in 2024, with a median price of RM 935K and a median price per square foot (PSF) of RM 602.

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 935K, with most transactions falling within a stable range of RM 867K to RM 1.00 million, and a typical market range of RM 850K to RM 1.02 million.

Most transactions involved 2 - 2 1/2 storey terraced, with minimal variety in property types.

For price per square foot, the median is RM 602, with most transactions between RM 553 and RM 652. The usual range is RM 548.75 to RM 655.25, showing that most units are priced quite close to each other. With an IQR of RM 106.50 and MAD of RM 50, 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.