Penang
Timur Laut
Jelutong
TAMAN SENTRAL

TAMAN SENTRAL

Area Intelligence

2022

Median Price

RM 420,000

PSF: RM 507

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Residential PSF Trends

Median Price

RM 420,000

PSF: RM 507

TAMAN SENTRAL in Timur Laut, Penang recorded 3 subsale transactions in 2022, with a median price of RM 420K and a median price per square foot (PSF) of RM 507.

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 420K, with most transactions falling within a stable range of RM 408K to RM 460K, and a typical market range of RM 408K to RM 498K.

Most transactions involved condominium/apartment, though some variety exists in the market.

For price per square foot, the median is RM 507, with most transactions between RM 459 and RM 555. The usual range is RM 477.50 to RM 536.50, showing that most units are priced quite close to each other. With an IQR of RM 59.00 and MAD of RM 48, 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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.

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TAMAN SENTRAL, Timur Laut, Penang

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