TAMAN SRI MEWAH

3 properties

2024

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Median Price

RM 815,000

PSF: RM 500

Residential Market

Median Price

RM 815,000

IQR: RM 138

MAD: RM 84

RM 500 PSF 4.4%

PSF Trends (2021-2025)

PROPERTY TYPES OVERVIEW

Single Storey Terraced

19 properties

Median Price

RM 220,000

+6.5% CAGR

Median PSF

RM 143.00

+6.6% CAGR

Single Storey Semi-D

4 properties

Median Price

RM 315,000

+5.3% CAGR

Median PSF

RM 100.50

-7.7% CAGR

Low-Cost House

3 properties

Median Price

RM 171,250

-9.7% CAGR

Median PSF

RM 131.50

+3.9% CAGR

Single Storey Shop

1 properties

Median Price

RM 360,000

Median PSF

RM 257.00

Property Type	Properties	Median Price	Price CAGR	Median PSF	PSF CAGR
Single Storey Terraced	19	RM 220,000 ±26K MAD	+6.55%	RM 143.00 ±5 MAD	+6.62%
Single Storey Semi-D	4	RM 315,000 ±25K MAD	+5.27%	RM 100.50 ±12 MAD	-7.67%
Low-Cost House	3	RM 171,250 ±9K MAD	-9.72%	RM 131.50 ±3 MAD	+3.88%
Single Storey Shop	1	RM 360,000	-	RM 257.00	-

TAMAN SRI MEWAH in Barat Daya, Penang recorded 3 subsale transactions in 2024, with a median price of RM 815K and a median price per square foot (PSF) of RM 500.

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 815K, with most transactions falling within a stable range of RM 748K to RM 860K, and a typical market range of RM 740K to RM 860K.

Most transactions involved 2 - 2 1/2 storey terraced, though some variety exists in the market.

The median PSF stands at RM 500, with core pricing between RM 442 and RM 558. Market pricing typically extends from RM 405.75 to RM 594.25, reflecting moderate variation in unit pricing. With an IQR of RM 188.50 and MAD of RM 58, 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.