TAMAN MEWAH

Area Intelligence

2023

Median Price

RM 380,000

PSF: RM 162

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Residential PSF Trends

Median Price

RM 350,000

PSF: RM 141

Commercial PSF Trends

Median Price

RM 450,000

RM 187 PSF

TAMAN MEWAH in Kuala Muda, Kedah recorded 3 subsale transactions in 2023, priced between RM 300K and RM 500K, with a median price of RM 380K and a median price per square foot (PSF) of RM 162.

This area contains both residential and commercial properties. View 12 residential properties or 2 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 380K, with most transactions falling within a stable range of RM 327K to RM 433K, and a typical market range of RM 320K to RM 450K.

Most transactions involved 1 - 1 1/2 storey semi-detached, with high diversity across multiple property types.

The median PSF stands at RM 162, with core pricing between RM 135 and RM 190. Market pricing typically extends from RM 129.33 to RM 195.58, reflecting moderate variation in unit pricing. The spread of RM 66.25 (IQR) and deviation of RM 28 (MAD) suggest moderate price variations reflecting different property features.

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.

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TAMAN MEWAH, Kuala Muda, Kedah

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