Area Intelligence

TAMAN KHENG TIAN

10 properties
2022
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Median Price
RM 362,500
PSF: RM 532

Residential Market

Median Price

RM 360,000

IQR: RM 55
MAD: RM 31
RM 524 PSF 4.3%

PSF Trends (2021-2025)

Commercial Market

Median Price

RM 970,000

IQR: RM 607
MAD: RM 162
RM 1,306 PSF 31.0%

PSF Trends (2021-2025)

PROPERTY TYPES OVERVIEW

TAMAN KHENG TIAN in Timur Laut, Penang recorded 10 subsale transactions in 2022, with a median price of RM 363K and a median price per square foot (PSF) of RM 532.

This area contains both residential and commercial properties. View 23 residential properties or 5 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 363K, with most transactions falling within a stable range of RM 320K to RM 546K, and a typical market range of RM 337K to RM 388K.

Most transactions involved flats, though some variety exists in the market.

Price per square foot shows a median of RM 532, though individual units vary from RM 297 to RM 766 in the core range. The broader market spans RM 490.75 to RM 572.25, indicating diverse property characteristics. A wider spread (IQR: RM 81.50) and deviation (MAD: RM 235) indicate significant PSF variations, likely due to diverse property types or conditions.

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 KHENG TIAN, Timur Laut, Penang

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Transactions

10 properties grouped by size

650 sqft
4 units Flat
RM 360,000
667 sqft · RM 539.00 PSF
Nov 2022
RM 388,000
667 sqft · RM 581.00 PSF
Oct 2022
RM 350,000
667 sqft · RM 524.00 PSF
Jun 2022
RM 320,000
667 sqft · RM 480.00 PSF
May 2022
700 sqft
5 units Flat
RM 380,000
689 sqft · RM 552.00 PSF
Jul 2022
RM 353,000
700 sqft · RM 505.00 PSF
Jun 2022
RM 390,000
689 sqft · RM 566.00 PSF
May 2022
RM 365,000
700 sqft · RM 522.00 PSF
Mar 2022
RM 348,000
700 sqft · RM 497.00 PSF
Feb 2022
750 sqft
1 units Shop/Retail Lot
RM 970,000
743 sqft · RM 1,306.00 PSF
Sep 2022