Penang
Seberang Perai Selatan
14
TAMAN MURAI JAYA

TAMAN MURAI JAYA

Area Intelligence

2024

Median Price

RM 350,000

PSF: RM 293

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Residential PSF Trends

Median Price

RM 350,000

PSF: RM 293

TAMAN MURAI JAYA in Seberang Perai Selatan, Penang recorded 3 subsale transactions in 2024, with a median price of RM 350K and a median price per square foot (PSF) of RM 293.

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 350K, with most transactions falling within a stable range of RM 324K to RM 360K, and a typical market range of RM 300K to RM 360K.

Most transactions involved low-cost flat, with high diversity across multiple property types.

The median PSF stands at RM 293, with core pricing between RM 262 and RM 324. Market pricing typically extends from RM 230.50 to RM 355.50, reflecting moderate variation in unit pricing. With an IQR of RM 125.00 and MAD of RM 31, 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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.

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TAMAN MURAI JAYA, Seberang Perai Selatan, Penang

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