Taman Mewah
11960 Bayan Lepas, Pulau Pinang, Malaysia
11960 Bayan Lepas, Pulau Pinang, Malaysia
| Road | Price | PSF | Size | Date | Type |
|---|
|
Level 1
|
RM 130,000
|
RM 288
|
452 sqft
|
|
|
|
Level 4
|
RM 125,000
|
RM 276
|
452 sqft
|
|
|
|
Level 3
|
RM 160,000
|
RM 354
|
452 sqft
|
|
|
|
Level 5
|
RM 110,000
|
RM 243
|
452 sqft
|
|
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Market Snapshot
ResidentialRM 127,500
RM 282 psfMedian transaction price
Taman Mewah, 11960 Bayan Lepas, Pulau Pinang, Malaysia
MapsTaman 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 117K to RM 138K.
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 258.28 to RM 305.78, reflecting moderate variation in unit pricing. With an IQR of RM 47.50 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.