Area Intelligence

TAMAN ORIENTAL

4 properties
2023
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Median Price
RM 577,500
PSF: RM 503

Residential Market

Median Price

RM 380,000

IQR: RM 22
MAD: RM 2
RM 504 PSF

PSF Trends (2021-2025)

Commercial Market

Median Price

RM 930,000

IQR: RM 124
MAD: RM 109
RM 497 PSF 15.1%

PSF Trends (2021-2025)

PROPERTY TYPES OVERVIEW

TAMAN ORIENTAL in Timur Laut, Penang recorded 4 subsale transactions in 2023, with a median price of RM 578K and a median price per square foot (PSF) of RM 503.

This area contains both residential and commercial properties. View 3 residential properties or 3 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 578K, with most transactions falling within a stable range of RM 335K to RM 831K, and a typical market range of RM 368K to RM 787K.

Most transactions involved 1 - 1 1/2 storey shop, with moderate diversity in property types available.

For price per square foot, the median is RM 503, with most transactions between RM 484 and RM 522. The usual range is RM 484.75 to RM 521.25, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 36.50 and an average deviation (MAD) of RM 19 indicate a highly stable PSF trend across properties.

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.

Area Location

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TAMAN ORIENTAL, Timur Laut, Penang

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Transactions

4 properties found

Single Storey Terraced JALAN ORIENTAL 6
RM 335,000
667 sqft Nov 2023
RM 502.00 PSF
Single Storey Terraced JALAN ORIENTAL 6
RM 380,000
753 sqft Nov 2023
RM 504.00 PSF
Single Storey Shop JLN PAYA TERUBONG
RM 930,000
1,873 sqft Oct 2023
RM 497.00 PSF
Single Storey Terraced JALAN ORIENTAL 1
RM 775,000
1,421 sqft Jan 2023
RM 545.00 PSF