TAMAN MUHIBAH INDAH

TAMAN MUHIBAH INDAH in Barat Daya, Penang recorded 6 subsale transactions in 2023, with a median price of RM 95K and a median price per square foot (PSF) of RM 189.

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 95K, with most transactions falling within a stable range of RM 79K to RM 110K, and a typical market range of RM 80K to RM 110K.

Most transactions involved low-cost flat, with minimal variety in property types.

The median PSF stands at RM 189, with core pricing between RM 157 and RM 221. Market pricing typically extends from RM 159.00 to RM 219.00, reflecting moderate variation in unit pricing. The spread of RM 60.00 (IQR) and deviation of RM 32 (MAD) suggest moderate price variations reflecting different property features.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.