TAMAN MELATI JAYA

TAMAN MELATI JAYA in Barat Daya, Penang recorded 2 subsale transactions between 2021 and 2025, with a median price of RM 1.33 million and a median price per square foot (PSF) of RM 805.

This area consists exclusively of commercial properties, with no residential listings recorded.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 1.33 million, with most transactions falling within a stable range of RM 1.05 million to RM 1.60 million, and a typical market range of RM 1.19 million to RM 1.46 million.

Most transactions involved 2 - 2 1/2 storey shop, with minimal variety in property types.

For price per square foot, the median is RM 805, with most transactions between RM 793 and RM 817. The usual range is RM 799.00 to RM 811.00, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 12.00 and an average deviation (MAD) of RM 12 indicate a highly stable PSF trend across properties.

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.