TANJONG PARK

Area Intelligence

2023

Median Price

RM 565,000

PSF: RM 739

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Residential PSF Trends

Median Price

RM 565,000

PSF: RM 739

TANJONG PARK in Timur Laut, Penang recorded 3 subsale transactions in 2023, with a median price of RM 565K and a median price per square foot (PSF) of RM 739.

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 565K, with most transactions falling within a stable range of RM 560K to RM 601K, and a typical market range of RM 560K to RM 638K.

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

For price per square foot, the median is RM 739, with most transactions between RM 692 and RM 786. The usual range is RM 697.38 to RM 780.63, showing that most units are priced quite close to each other. With an IQR of RM 83.25 and MAD of RM 47, 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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