Taman Melati
13100 Butterworth, Pulau Pinang, Malaysia
13100 Butterworth, Pulau Pinang, Malaysia
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Market Snapshot
ResidentialRM 770,000
RM 428 psfMedian transaction price
Taman Melati, 13100 Butterworth, Pulau Pinang, Malaysia
MapsTaman Melati in Barat Daya, Penang recorded 2 subsale transactions between 2021 and 2026, sized between 1,775 and 1,824 sqft, with a median price of RM 770K and a median price per square foot (PSF) of RM 428.
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 770K, with most transactions falling within a stable range of RM 740K to RM 800K, and a typical market range of RM 752K to RM 788K.
Most transactions involved 1 - 1 1/2 storey terraced, with minimal variety in property types.
For price per square foot, the median is RM 428, with most transactions between RM 412 and RM 445. The usual range is RM 352.36 to RM 504.36, showing that most units are priced quite close to each other. With an IQR of RM 152.00 and MAD of RM 17, 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.