Penang
Seberang Perai Selatan
14
TAMAN MERPATI INDAH

TAMAN MERPATI INDAH

Area Intelligence

2021

Median Price

RM 629,000

PSF: RM 154

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Residential PSF Trends

Median Price

RM 629,000

PSF: RM 154

TAMAN MERPATI INDAH in Seberang Perai Selatan, Penang recorded 2 subsale transactions in 2021, with a median price of RM 629K and a median price per square foot (PSF) of RM 154.

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 629K, with most transactions falling within a stable range of RM 608K to RM 650K, and a typical market range of RM 608K to RM 650K.

Most transactions involved 2 - 2 1/2 storey terraced, with high diversity across multiple property types.

The median PSF stands at RM 154, with core pricing between RM 135 and RM 173. Market pricing typically extends from RM 104.88 to RM 203.13, reflecting moderate variation in unit pricing. With an IQR of RM 98.25 and MAD of RM 19, the PSF demonstrates reasonable consistency across the market.

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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TAMAN MERPATI INDAH, Seberang Perai Selatan, Penang

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