TAMAN KHENG TIAN in Timur Laut, Penang recorded 10 subsale transactions in 2022, with a median price of RM 363K and a median price per square foot (PSF) of RM 532.
This area contains both residential and commercial properties. View 24 residential properties or 5 commercial properties separately for more focused analysis.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 363K, with most transactions falling within a stable range of RM 341K to RM 384K, and a typical market range of RM 338K to RM 388K.
Most transactions involved flats, though some variety exists in the market.
For price per square foot, the median is RM 532, with most transactions between RM 500 and RM 563. The usual range is RM 494.50 to RM 568.50, showing that most units are priced quite close to each other. With an IQR of RM 74.00 and MAD of RM 31, the PSF demonstrates reasonable consistency across the market.
While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.
