TAMAN MELATI

TAMAN MELATI in Barat Daya, Penang recorded 4 subsale transactions in 2024, with a median price of RM 813K and a median price per square foot (PSF) of RM 487.

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 813K, with most transactions falling within a stable range of RM 796K to RM 829K, and a typical market range of RM 794K to RM 830K.

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

The median PSF stands at RM 487, with core pricing between RM 418 and RM 555. Market pricing typically extends from RM 410.50 to RM 562.50, reflecting moderate variation in unit pricing. With an IQR of RM 152.00 and MAD of RM 69, 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.