TAMAN MELATI
Residential Market
Median Price
RM 895,000
PSF Trends (2021-2025)
PROPERTY TYPES OVERVIEW
Low-Cost Flat
63 properties
Median Price
RM 222,500
+5.5% CAGR
Median PSF
RM 370.00
+1.9% CAGR
Single Storey Terraced
23 properties
Median Price
RM 231,250
+46.3% CAGR
Median PSF
RM 151.75
+37.3% CAGR
Double Storey Terraced
22 properties
Median Price
RM 750,000
-3.5% CAGR
Median PSF
RM 532.00
-5.6% CAGR
Flat
21 properties
Median Price
RM 226,500
-6.5% CAGR
Median PSF
RM 365.50
-4.1% CAGR
Low-Cost House
13 properties
Median Price
RM 157,500
+10.1% CAGR
Median PSF
RM 121.00
+10.2% CAGR
Double Storey Shop
4 properties
Median Price
RM 265,000
+102.5% CAGR
Median PSF
RM 162.00
+115.4% CAGR
Single Storey Semi-D
3 properties
Median Price
RM 347,500
+10.6% CAGR
Median PSF
RM 116.50
-2.5% CAGR
Shop/Retail Lot
2 properties
Median Price
RM 1,400,000
Median PSF
RM 1,037.00
Office Lot
1 properties
Median Price
RM 600,000
Median PSF
RM 457.00
| Property Type | Properties | Median Price | Price CAGR | Median PSF | PSF CAGR | |
|---|---|---|---|---|---|---|
| Low-Cost Flat | 63 |
RM 222,500
±3K MAD
|
+5.47% |
RM 370.00
±8 MAD
|
+1.87% | |
| Single Storey Terraced | 23 |
RM 231,250
±24K MAD
|
+46.26% |
RM 151.75
±22 MAD
|
+37.25% | |
| Double Storey Terraced | 22 |
RM 750,000
±40K MAD
|
-3.51% |
RM 532.00
±25 MAD
|
-5.61% | |
| Flat | 21 |
RM 226,500
±8K MAD
|
-6.47% |
RM 365.50
±21 MAD
|
-4.15% | |
| Low-Cost House | 13 |
RM 157,500
±20K MAD
|
+10.06% |
RM 121.00
±16 MAD
|
+10.16% | |
| Double Storey Shop | 4 |
RM 265,000
±15K MAD
|
+102.49% |
RM 162.00
±37 MAD
|
+115.44% | |
| Single Storey Semi-D | 3 |
RM 347,500
±18K MAD
|
+10.61% |
RM 116.50
±2 MAD
|
-2.54% | |
| Shop/Retail Lot | 2 |
RM 1,400,000
|
- |
RM 1,037.00
|
- | |
| Office Lot | 1 |
RM 600,000
|
- |
RM 457.00
|
- |
TAMAN MELATI in Barat Daya, Penang recorded 2 subsale transactions in 2023, with a median price of RM 895K and a median price per square foot (PSF) of RM 603.
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 895K, with most transactions falling within a stable range of RM 740K to RM 1.05 million, and a typical market range of RM 877K to RM 913K.
Most transactions involved 1 - 1 1/2 storey terraced, with minimal variety in property types.
Price per square foot shows a median of RM 603, though individual units vary from RM 412 to RM 793 in the core range. The broader market spans RM 526.50 to RM 678.50, indicating diverse property characteristics. A wider spread (IQR: RM 152.00) and deviation (MAD: RM 191) indicate significant PSF variations, likely due to diverse property types or conditions.
Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.
Filter by type, year, price, and size
Transactions
2 properties grouped by size
| Road | Price | PSF | Size | Date | Type |
|---|
|
PESARA MAHSURI 5
|
RM 1,050,000
|
RM 793.00
|
1,324 sqft
|
Sep 2023
|
|
JALAN TUN DR. AWANG
|
RM 740,000
|
RM 412.00
|
1,798 sqft
|
Jan 2023
|