Terrace House
Postcode 12000, Penang
RM343,552
RM326,009 — RM361,095
- Nearby sales
- 9 sales
- Built-up
- 1,300 sqft
- Per sqft
- RM264
- Issued
- 22 Aug 2026
Penang · Leasehold · Printed 22 August 2026
How this was worked out
This is an estimate from 9 recorded sales of similar properties nearby, published by NAPIC. It is not a formal valuation and no one has inspected the property. Its condition, renovation, floor level and view are not in the figure. For a bank loan or any legal purpose, you need a licensed valuer.
- Tenure Adjustment −RM38k Leasehold discount relative to comparable mix
Sales it was compared against
Sizes differ between these properties, so the estimate works from psf rather than price.
| Date | Location | Type | Price | Size | Psf |
|---|---|---|---|---|---|
| Jul 2025 | Taman Sejahtera Indah (Spu), Seberang Perai Utara | 1 - 1 1/2 Storey Terraced | RM335,000 | 1,152 sq ft | RM291 |
| Jan 2025 | Taman Sri Pinang (Spu), Seberang Perai Utara | 1 - 1 1/2 Storey Terraced | RM460,000 | 1,324 sq ft | RM347 |
| Nov 2024 | Taman Sejahtera Indah (Spu), Seberang Perai Utara | 1 - 1 1/2 Storey Terraced | RM295,000 | 1,195 sq ft | RM247 |
| Sep 2024 | Taman Sejahtera Indah (Spu), Seberang Perai Utara | 2 - 2 1/2 Storey Terraced | RM445,000 | 1,528 sq ft | RM291 |
| Jun 2024 | Taman Sejahtera Indah (Spu), Seberang Perai Utara | 1 - 1 1/2 Storey Terraced | RM355,000 | 1,195 sq ft | RM297 |
The 5 closest of 9 sales used. Open the page for the rest.
Terrace House Valuation in Postcode 12000
Free estimated market value for a Terrace House (1,300 sqft) based on real recent transactions nearby.
Terrace House
Postcode 12000, Penang
RM343,552
RM326,009 — RM361,095
Nearby sales
9 sales
Built-up
1,300 sqft
Per sqft
RM264
Issued
22 Aug 2026
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Will a bank value this at RM343,552?
- Loan
- RM309,197
- Cash
- RM34,355
above this estimate — cash you pay on top of the deposit if the bank's valuer agrees with us.
This estimate is derived from the transacted prices of comparable Terrace House properties in Postcode 12000. When a housing loan is applied for, the bank appoints a registered valuer from its own panel, and it is that valuer's figure — known as the bank value, or nilai bank — against which financing is computed. Panel valuers assess the same evidence on a conservative basis, and the bank value commonly comes in below the asking price.
Financing is extended against the lower of the bank value and the price stated in the sale and purchase agreement (SPA). Where the valuation falls short, the difference — the differential sum — is payable in cash by the purchaser. Margin of financing is typically up to 90% for a first or second housing loan, and is generally capped at 70% from the third outstanding housing loan onwards.
This is a data-derived estimate based on recorded transactions and does not constitute a bank valuation. Only a valuer appointed by the financing bank can produce that figure, and the purchaser has no say in the appointment. How bank value and market value differ.
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What pushed the price up or down
Nearby sales we looked at
| Location | Type | Price | Size | Sold |
|---|---|---|---|---|
| TAMAN SEJAHTERA INDAH (SPU), Seberang Perai Utara | 1 - 1 1/2 Storey Terraced | RM335k | 1,152 sqft | Jul 2025 |
| TAMAN SRI PINANG (SPU), Seberang Perai Utara | 1 - 1 1/2 Storey Terraced | RM460k | 1,324 sqft | Jan 2025 |
| TAMAN SEJAHTERA INDAH (SPU), Seberang Perai Utara | 1 - 1 1/2 Storey Terraced | RM295k | 1,195 sqft | Nov 2024 |
| TAMAN SEJAHTERA INDAH (SPU), Seberang Perai Utara | 2 - 2 1/2 Storey Terraced | RM445k | 1,528 sqft | Sep 2024 |
| TAMAN SEJAHTERA INDAH (SPU), Seberang Perai Utara | 1 - 1 1/2 Storey Terraced | RM355k | 1,195 sqft | Jun 2024 |
It depends on how many similar homes have sold nearby. Our confidence rating tells you how much to trust the estimate — high confidence means lots of recent, consistent sales to compare against.
This tool is great for a quick estimate. For anything serious (selling, refinancing, legal), you should still get a professional valuer.
We use transaction records from JPPH (Jabatan Penilaian dan Perkhidmatan Harta), Malaysia’s official property valuation authority. Every stamped property transfer gets recorded there.
Our database has 500,023+ real sales and updates quarterly when JPPH publishes new data.
The median price you see on area pages is a simple middle value across all sales in that area — all types and sizes lumped together. It tells you what a typical sale looks like.
This estimate is personalised to your home: we filter by your property type, adjust for your size and floor, and correct for tenure. That’s why it’s usually more accurate for your home specifically.
Want the full method? Read how we calculate the estimate and where our transaction data comes from.
Data from JPPH (Jabatan Penilaian dan Perkhidmatan Harta). This estimate is for information only — not a substitute for a professional valuation.