Penang
Seberang Perai Selatan
14
TAMAN MERPATI INDAH

TAMAN MERPATI INDAH

Area Intelligence

2022

Median Price

RM 500,000

PSF: RM 312

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Residential PSF Trends

Median Price

RM 500,000

PSF: RM 312

TAMAN MERPATI INDAH in Seberang Perai Selatan, Penang recorded 1 subsale transactions in 2022, priced between RM 300K and RM 500K, with a median price of RM 500K and a median price per square foot (PSF) of RM 312.

This area consists exclusively of residential properties, with no commercial listings recorded.

Price remained flat, and PSF growth was PSF remained flat.

Most transactions involved flats, with high diversity across multiple property types.

For price per square foot, the median is RM 312, with most transactions between RM 312 and RM 312. The usual range is RM 262.64 to RM 360.89, showing that most units are priced quite close to each other. With an IQR of RM 98.25 and MAD of RM 0, 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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