TAMAN MEWAH Property Investment Analysis
PROPERTY TYPES OVERVIEW
2 - 2 1/2 Storey Terraced
252 properties
Median Price
RM 475,000
+2.6% CAGR
Median PSF
RM 573.00
+2.8% CAGR
Low-Cost House
29 properties
Median Price
RM 416,250
-1.4% CAGR
Median PSF
RM 513.25
+2.8% CAGR
2 - 2 1/2 Storey Shop
13 properties
Median Price
RM 1,200,000
+8.0% CAGR
Median PSF
RM 604.00
+28.7% CAGR
3 - 3 1/2 Storey Shop
12 properties
Median Price
RM 2,230,000
+17.9% CAGR
Median PSF
RM 1,593.00
+17.9% CAGR
Shop Unit/Retail Lot
12 properties
Median Price
RM 880,000
+15.0% CAGR
Median PSF
RM 779.00
+14.5% CAGR
Office Lot
10 properties
Median Price
RM 294,000
-4.5% CAGR
Median PSF
RM 224.00
-4.4% CAGR
4 - 4 1/2 Storey Shop
3 properties
Median Price
RM 1,870,000
-4.2% CAGR
Median PSF
RM 1,335.75
-4.2% CAGR
1 - 1 1/2 Storey Shop
1 properties
Median Price
RM 1,500,000
Median PSF
RM 1,071.00
Condominium/Apartment
1 properties
Median Price
RM 315,000
Median PSF
RM 353.00
Detached
1 properties
Median Price
RM 800,000
Median PSF
RM 126.00
| Property Type | Properties | Transactions | Median Price | Price CAGR | Median PSF | PSF CAGR | |
|---|---|---|---|---|---|---|---|
| 2 - 2 1/2 Storey Terraced | 252 | 126,518,000 |
RM 475,000
±25K MAD
|
+2.62% |
RM 573.00
±15 MAD
|
+2.83% | |
| Low-Cost House | 29 | 12,434,000 |
RM 416,250
±16K MAD
|
-1.39% |
RM 513.25
±21 MAD
|
+2.79% | |
| 2 - 2 1/2 Storey Shop | 13 | 14,470,000 |
RM 1,200,000
±200K MAD
|
+8.01% |
RM 604.00
±54 MAD
|
+28.67% | |
| 3 - 3 1/2 Storey Shop | 12 | 28,030,000 |
RM 2,230,000
±280K MAD
|
+17.90% |
RM 1,593.00
±200 MAD
|
+17.90% | |
| Shop Unit/Retail Lot | 12 | 9,796,000 |
RM 880,000
±45K MAD
|
+14.95% |
RM 779.00
±32 MAD
|
+14.46% | |
| Office Lot | 10 | 2,883,000 |
RM 294,000
±9K MAD
|
-4.50% |
RM 224.00
±7 MAD
|
-4.41% | |
| 4 - 4 1/2 Storey Shop | 3 | 5,530,000 |
RM 1,870,000
±80K MAD
|
-4.19% |
RM 1,335.75
±57 MAD
|
-4.20% | |
| 1 - 1 1/2 Storey Shop | 1 | 1,500,000 |
RM 1,500,000
|
- |
RM 1,071.00
|
- | |
| Condominium/Apartment | 1 | 315,000 |
RM 315,000
|
- |
RM 353.00
|
- | |
| Detached | 1 | 800,000 |
RM 800,000
|
- |
RM 126.00
|
- |
TAMAN MEWAH in Barat Daya, Penang recorded 8 subsale transactions between 2021 and 2025, with a median price of RM 140K and a median price per square foot (PSF) of RM 310.
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 140K, with most transactions falling within a stable range of RM 128K to RM 153K, and a typical market range of RM 128K to RM 152K.
Most transactions involved low-cost flat, with minimal variety in property types.
For price per square foot, the median is RM 310, with most transactions between RM 282 and RM 338. The usual range is RM 283.75 to RM 336.25, showing that most units are priced quite close to each other. With an IQR of RM 52.50 and MAD of RM 28, the PSF demonstrates reasonable consistency across the market.
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.
ADVANCED FILTERS
TRANSACTIONS
|
Type
|
Road
|
Price
|
PSF
|
Area
|
Date
|
|---|---|---|---|---|---|
| Low-Cost Flat |
|
RM 160,000
|
RM 354.00
|
452 sqft
|
Apr 2024
|
| Low-Cost Flat |
|
RM 150,000
|
RM 332.00
|
452 sqft
|
Oct 2023
|
| Low-Cost Flat |
|
RM 140,000
|
RM 310.00
|
452 sqft
|
Jul 2023
|
| Low-Cost Flat |
|
RM 140,000
|
RM 310.00
|
452 sqft
|
May 2023
|
| Low-Cost Flat |
|
RM 130,000
|
RM 288.00
|
452 sqft
|
Sep 2022
|
| Low-Cost Flat |
|
RM 125,000
|
RM 276.00
|
452 sqft
|
Sep 2022
|
| Low-Cost Flat |
|
RM 160,000
|
RM 354.00
|
452 sqft
|
Aug 2022
|
| Low-Cost Flat |
|
RM 110,000
|
RM 243.00
|
452 sqft
|
May 2022
|