TAMAN SENTRAL

TAMAN SENTRAL in Timur Laut, Penang recorded 9 subsale transactions in 2022, with a median price of RM 1.23 million and a median price per square foot (PSF) of RM 501.

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 1.23 million, with most transactions falling within a stable range of RM 796K to RM 1.60 million, and a typical market range of RM 785K to RM 1.60 million.

Most transactions involved condominium/apartment, though some variety exists in the market.

The median PSF stands at RM 501, with core pricing between RM 446 and RM 556. Market pricing typically extends from RM 471.75 to RM 530.25, reflecting moderate variation in unit pricing. With an IQR of RM 58.50 and MAD of RM 55, the PSF demonstrates reasonable consistency across the market.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.