TAMAN SINAR (SPS)

2 properties

2023

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Median Price

RM 375,000

PSF: RM 259

Residential Market

Median Price

RM 375,000

IQR: RM 88

MAD: RM 49

RM 259 PSF 4.4%

PSF Trends (2021-2025)

PROPERTY TYPES OVERVIEW

Single Storey Terraced

5 properties

Median Price

RM 290,000

+15.4% CAGR

Median PSF

RM 196.00

-9.1% CAGR

Double Storey Terraced

2 properties

Median Price

RM 430,000

-13.0% CAGR

Median PSF

RM 300.50

+1.0% CAGR

Property Type	Properties	Median Price	Price CAGR	Median PSF	PSF CAGR
Single Storey Terraced	5	RM 290,000 ±30K MAD	+15.44%	RM 196.00 ±23 MAD	-9.14%
Double Storey Terraced	2	RM 430,000 ±30K MAD	-13.04%	RM 300.50 ±2 MAD	+1.00%

TAMAN SINAR (SPS) in Seberang Perai Selatan, Penang recorded 2 subsale transactions in 2023, with a median price of RM 375K and a median price per square foot (PSF) of RM 259.

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 375K, with most transactions falling within a stable range of RM 290K to RM 460K, and a typical market range of RM 313K to RM 438K.

Most transactions involved 1 - 1 1/2 storey terraced, though some variety exists in the market.

The median PSF stands at RM 259, with core pricing between RM 219 and RM 299. Market pricing typically extends from RM 215.00 to RM 303.00, reflecting moderate variation in unit pricing. The spread of RM 88.00 (IQR) and deviation of RM 40 (MAD) suggest moderate price variations reflecting different property features.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.