TAMAN MEDAN PENAGA

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. The median price is RM 386K, with most transactions falling within a stable range of RM 366K to RM 406K, and a typical market range of RM 366K to RM 407K.

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 455 and RM 507. 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 26, 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.