TAMAN PERAK

Area Intelligence

2023

Median Price

RM 814,000

PSF: RM 514

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Residential PSF Trends

Median Price

RM 814,000

PSF: RM 514

TAMAN PERAK in Timur Laut, Penang recorded 2 subsale transactions in 2023, with a median price of RM 814K and a median price per square foot (PSF) of RM 514.

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 814K, with most transactions falling within a stable range of RM 808K to RM 820K, and a typical market range of RM 808K to RM 820K.

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

For price per square foot, the median is RM 514, with most transactions between RM 504 and RM 524. The usual range is RM 460.75 to RM 567.25, showing that most units are priced quite close to each other. With an IQR of RM 106.50 and MAD of RM 10, 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 PERAK, Timur Laut, Penang

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