TAMAN SENTRAL

TAMAN SENTRAL in Timur Laut, Penang recorded 10 subsale transactions in 2023, with a median price of RM 1.34 million and a median price per square foot (PSF) of RM 542.

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 1.34 million, with most transactions falling within a stable range of RM 893K to RM 1.50 million, and a typical market range of RM 895K to RM 1.50 million.

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

For price per square foot, the median is RM 542, with most transactions between RM 491 and RM 592. The usual range is RM 512.25 to RM 570.75, showing that most units are priced quite close to each other. With an IQR of RM 58.50 and MAD of RM 50, 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.