TANJONG PARK

TANJONG PARK in Timur Laut, Penang recorded 7 subsale transactions in 2022, with a median price of RM 550K and a median price per square foot (PSF) of RM 674.

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 550K, with most transactions falling within a stable range of RM 495K to RM 660K, and a typical market range of RM 495K to RM 623K.

Most transactions involved condominium/apartment, with minimal variety in property types.

The median PSF stands at RM 674, with core pricing between RM 588 and RM 760. Market pricing typically extends from RM 631.50 to RM 716.50, reflecting moderate variation in unit pricing. With an IQR of RM 85.00 and MAD of RM 86, 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. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.