TAMAN MEWAH
Residential Market
Median Price
RM 127,500
PSF Trends (2021-2025)
PROPERTY TYPES OVERVIEW
Double 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
Double Storey Shop
13 properties
Median Price
RM 1,200,000
+8.0% CAGR
Median PSF
RM 604.00
+28.7% CAGR
3-Storey Storey Shop
12 properties
Median Price
RM 2,230,000
+17.9% CAGR
Median PSF
RM 1,593.00
+17.9% CAGR
Shop/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-Storey Storey Shop
3 properties
Median Price
RM 1,870,000
-4.2% CAGR
Median PSF
RM 1,335.75
-4.2% CAGR
Single Storey Shop
1 properties
Median Price
RM 1,500,000
Median PSF
RM 1,071.00
Condo/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 | Median Price | Price CAGR | Median PSF | PSF CAGR | |
|---|---|---|---|---|---|---|
| Double Storey Terraced | 252 |
RM 475,000
±25K MAD
|
+2.62% |
RM 573.00
±15 MAD
|
+2.83% | |
| Low-Cost House | 29 |
RM 416,250
±16K MAD
|
-1.39% |
RM 513.25
±21 MAD
|
+2.79% | |
| Double Storey Shop | 13 |
RM 1,200,000
±200K MAD
|
+8.01% |
RM 604.00
±54 MAD
|
+28.67% | |
| 3-Storey Storey Shop | 12 |
RM 2,230,000
±280K MAD
|
+17.90% |
RM 1,593.00
±200 MAD
|
+17.90% | |
| Shop/Retail Lot | 12 |
RM 880,000
±45K MAD
|
+14.95% |
RM 779.00
±32 MAD
|
+14.46% | |
| Office Lot | 10 |
RM 294,000
±9K MAD
|
-4.50% |
RM 224.00
±7 MAD
|
-4.41% | |
| 4-Storey Storey Shop | 3 |
RM 1,870,000
±80K MAD
|
-4.19% |
RM 1,335.75
±57 MAD
|
-4.20% | |
| Single Storey Shop | 1 |
RM 1,500,000
|
- |
RM 1,071.00
|
- | |
| Condo/Apartment | 1 |
RM 315,000
|
- |
RM 353.00
|
- | |
| Detached | 1 |
RM 800,000
|
- |
RM 126.00
|
- |
TAMAN MEWAH in Barat Daya, Penang recorded 4 subsale transactions in 2022, with a median price of RM 128K and a median price per square foot (PSF) of RM 282.
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 128K, with most transactions falling within a stable range of RM 110K to RM 146K, and a typical market range of RM 116K to RM 139K.
Most transactions involved low-cost flat, with minimal variety in property types.
The median PSF stands at RM 282, with core pricing between RM 242 and RM 322. Market pricing typically extends from RM 255.75 to RM 308.25, reflecting moderate variation in unit pricing. With an IQR of RM 52.50 and MAD of RM 40, 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.
Filter by type, year, price, and size
Transactions
4 properties grouped by size
| Road | Price | PSF | Size | Date | Type |
|---|
|
RM 130,000
|
RM 288.00
|
452 sqft
|
Sep 2022
|
||
|
RM 125,000
|
RM 276.00
|
452 sqft
|
Sep 2022
|
||
|
RM 160,000
|
RM 354.00
|
452 sqft
|
Aug 2022
|
||
|
RM 110,000
|
RM 243.00
|
452 sqft
|
May 2022
|