TANJONG PARK

Area Intelligence
2022
Median Price
RM 550,000
PSF: RM 720

Residential PSF Trends

Median Price

RM 550,000

PSF: RM 720

TANJONG PARK in Timur Laut, Penang recorded 5 subsale transactions in 2022, priced between RM 500K and RM 750K, with a median price of RM 550K and a median price per square foot (PSF) of RM 720.

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 550K, with most transactions falling within a stable range of RM 513K to RM 603K, and a typical market range of RM 513K to RM 623K.

Most transactions involved condominium/apartment, with minimal variety in property types.

For price per square foot, the median is RM 720, with most transactions between RM 651 and RM 789. The usual range is RM 678.05 to RM 761.30, showing that most units are priced quite close to each other. With an IQR of RM 83.25 and MAD of RM 69, 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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TANJONG PARK, Timur Laut, Penang

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Property Transactions

5 transactions grouped by size

750 sqft
Condo/Apartment
RM 658,000
Level 17
764 sqft · RM 861 PSF
RM 550,000
Level 14
764 sqft · RM 720 PSF
RM 513,000
Level 16
764 sqft · RM 671 PSF
RM 555,000
Level 17
764 sqft · RM 726 PSF
RM 515,000
Level 17
764 sqft · RM 674 PSF

No Properties For Sale

There are currently no properties listed for sale in this area.

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