Penang
Timur Laut
Jelutong
TAMAN MEDAN PENAGA

TAMAN MEDAN PENAGA

Area Intelligence

2023

Median Price

RM 386,000

PSF: RM 481

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Residential PSF Trends

Median Price

RM 386,000

PSF: RM 481

TAMAN MEDAN PENAGA in Timur Laut, Penang recorded 5 subsale transactions in 2023, with a median price of RM 386K and a median price per square foot (PSF) of RM 481.

This area consists exclusively of residential properties, with no commercial listings recorded.

Price remained flat, and PSF growth was PSF remained flat.

Most transactions involved flats, with minimal variety in property types.

For price per square foot, the median is RM 481, with most transactions between RM 481 and RM 481. The usual range is RM 454.50 to RM 507.50, showing that most units are priced quite close to each other. With an IQR of RM 53.00 and MAD of RM 0, 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 MEDAN PENAGA, Timur Laut, Penang

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