TANJONG PARK

TANJONG PARK in Timur Laut, Penang recorded 11 subsale transactions in 2024, with a median price of RM 550K and a median price per square foot (PSF) of RM 661.

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 479K to RM 651K, and a typical market range of RM 479K to RM 623K.

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

The median PSF stands at RM 661, with core pricing between RM 546 and RM 776. Market pricing typically extends from RM 618.50 to RM 703.50, reflecting moderate variation in unit pricing. The spread of RM 85.00 (IQR) and deviation of RM 115 (MAD) suggest moderate price variations reflecting different property features.

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.