R/MURAH JAWI

Area Intelligence

2022

Median Price

RM 130,000

PSF: RM 144

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Residential PSF Trends

Median Price

RM 130,000

PSF: RM 144

R/MURAH JAWI in Seberang Perai Selatan, Penang recorded 2 subsale transactions in 2022, with a median price of RM 130K and a median price per square foot (PSF) of RM 144.

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 130K, with most transactions falling within a stable range of RM 100K to RM 160K, and a typical market range of RM 110K to RM 150K.

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

Price per square foot shows a median of RM 144, though individual units vary from RM 111 to RM 177 in the core range. The broader market spans RM 122.50 to RM 165.50, indicating diverse property characteristics. The spread of RM 43.00 (IQR) and deviation of RM 33 (MAD) suggest moderate price variations reflecting different property features.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.

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R/MURAH JAWI, Seberang Perai Selatan, Penang

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