TAMAN MURAI JAYA in Seberang Perai Selatan, Penang recorded 3 subsale transactions between 2021 and 2025, with a median price of RM 600K and a median price per square foot (PSF) of RM 260.
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 600K, with most transactions falling within a stable range of RM 469K to RM 731K, and a typical market range of RM 451K to RM 749K.
Most transactions involved low-cost flat, with high diversity across multiple property types.
Price per square foot shows a median of RM 260, though individual units vary from RM 194 to RM 327 in the core range. The broader market spans RM 197.50 to RM 322.50, indicating diverse property characteristics. A wider spread (IQR: RM 125.00) and deviation (MAD: RM 67) indicate significant PSF variations, likely due to diverse property types or conditions.
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.
