Taman Medan Penaga
82,Lebuhraya Batu Lanchang, Taman, Medan Penaga, Batu Lanchang, 11600 George Town, Penang, Malaysia
82,Lebuhraya Batu Lanchang, Taman, Medan Penaga, Batu Lanchang, 11600 George Town, Penang, Malaysia
| Road | Price | PSF | Size | Date | Type |
|---|
|
Level 3
|
RM 350,000
|
RM 428
|
818 sqft
|
|
|
|
Level 2
|
RM 388,000
|
RM 481
|
807 sqft
|
|
|
|
Level 6
|
RM 400,000
|
RM 502
|
797 sqft
|
|
|
|
Level 4
|
RM 386,000
|
RM 491
|
786 sqft
|
|
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Market Snapshot
ResidentialRM 386,000
RM 481 psfMedian transaction price
82,Lebuhraya Batu Lanchang, Taman, Medan Penaga, Batu Lanchang, 11600 George Town, Penang, Malaysia
MapsTaman 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 327K to RM 400K, and a typical market range of RM 344K to RM 400K.
Most transactions involved flats, with minimal variety in property types.
The median PSF stands at RM 481, with core pricing between RM 422 and RM 539. Market pricing typically extends from RM 446.12 to RM 515.12, reflecting moderate variation in unit pricing. With an IQR of RM 69.00 and MAD of RM 59, 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.