TAMAN MEDAN PENAGA

TAMAN MEDAN PENAGA in Timur Laut, Penang recorded 5 subsale transactions in 2023, with a median price of RM 386K and a median price per square foot (PSF) of RM 481.

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 386K, with most transactions falling within a stable range of RM 327K to RM 400K, and a typical market range of RM 366K to RM 400K.

Most transactions involved flats, with minimal variety in property types.

The median PSF stands at RM 481, with core pricing between RM 422 and RM 540. Market pricing typically extends from RM 454.50 to RM 507.50, reflecting moderate variation in unit pricing. With an IQR of RM 53.00 and MAD of RM 59, 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.