TAMAN MELATI

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.