Area Intelligence

TAMAN KHENG TIAN

6 properties
2023
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Median Price
RM 379,500
PSF: RM 548

Residential Market

Median Price

RM 370,000

IQR: RM 55
MAD: RM 31
RM 539 PSF 4.3%

PSF Trends (2021-2025)

Commercial Market

Median Price

RM 1,728,000

IQR: RM 607
MAD: RM 162
RM 1,198 PSF 31.0%

PSF Trends (2021-2025)

PROPERTY TYPES OVERVIEW

TAMAN KHENG TIAN in Timur Laut, Penang recorded 6 subsale transactions in 2023, with a median price of RM 380K and a median price per square foot (PSF) of RM 548.

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 380K, with most transactions falling within a stable range of RM 360K to RM 883K, and a typical market range of RM 360K to RM 405K.

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

Price per square foot shows a median of RM 548, though individual units vary from RM 306 to RM 789 in the core range. The broader market spans RM 506.75 to RM 588.25, indicating diverse property characteristics. A wider spread (IQR: RM 81.50) and deviation (MAD: RM 241) 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

6 properties grouped by size

650 sqft
3 units Flat
RM 360,000
667 sqft · RM 539.00 PSF
Nov 2023
RM 360,000
667 sqft · RM 539.00 PSF
Jun 2023
RM 410,000
667 sqft · RM 614.00 PSF
Mar 2023
700 sqft
2 units Flat
RM 370,000
700 sqft · RM 529.00 PSF
Oct 2023
RM 389,000
700 sqft · RM 556.00 PSF
Apr 2023
1,450 sqft
1 units Shop/Retail Lot
RM 1,728,000
1,442 sqft · RM 1,198.00 PSF
Jul 2023