TAMAN MURAI JAYA in Seberang Perai Selatan, Penang recorded 5 subsale transactions in 2023, with a median price of RM 65K and a median price per square foot (PSF) of RM 118.
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 65K, with most transactions falling within a stable range of RM 54K to RM 65K, and a typical market range of RM 39K to RM 65K.
Most transactions involved low-cost flat, with high diversity across multiple property types.
The median PSF stands at RM 118, with core pricing between RM 98 and RM 138. Market pricing typically extends from RM 55.50 to RM 180.50, reflecting moderate variation in unit pricing. The spread of RM 125.00 (IQR) and deviation of RM 20 (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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.
