Penang
Seberang Perai Selatan
14
TAMAN MURAI JAYA

TAMAN MURAI JAYA

Area Intelligence

2022

Median Price

RM 70,000

PSF: RM 128

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Residential PSF Trends

Median Price

RM 70,000

PSF: RM 128

TAMAN MURAI JAYA in Seberang Perai Selatan, Penang recorded 7 subsale transactions in 2022, with a median price of RM 70K and a median price per square foot (PSF) of RM 128.

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 70K, with most transactions falling within a stable range of RM 55K to RM 80K, and a typical market range of RM 39K to RM 80K.

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

Price per square foot shows a median of RM 128, though individual units vary from RM 100 to RM 156 in the core range. The broader market spans RM 65.50 to RM 190.50, indicating diverse property characteristics. The spread of RM 125.00 (IQR) and deviation of RM 28 (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.

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TAMAN MURAI JAYA, Seberang Perai Selatan, Penang

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Transactions

7 transactions grouped by size

Popular Ranges

Under RM 300k RM 300k - 500k RM 500k - 750k RM 750k - 1M RM 1M - 2M RM 2M+

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Size Range (sqft)

Popular Ranges

Under 1,000 sqft 1,000 - 2,000 sqft 2,000 - 3,000 sqft 3,000 - 5,000 sqft 5,000 - 10,000 sqft 10,000+ sqft

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Road	Price	Land PSF	Land	Date	Type

550 sqft

Low-Cost Flat

550 sqft

Low-Cost Flat

RM 39,000

Level 4

538 sqft · RM 72 PSF

Dec 2022

RM 75,000

Level 1

549 sqft · RM 137 PSF

Dec 2022

RM 48,000

Level 3

549 sqft · RM 87 PSF

Nov 2022

RM 70,000

Level 5

538 sqft · RM 130 PSF

May 2022

RM 70,000

Level 5

549 sqft · RM 128 PSF

May 2022

RM 45,000

Level 2

549 sqft · RM 82 PSF

Apr 2022

RM 80,000

Level 1

549 sqft · RM 146 PSF

Jan 2022

Level 4	RM 39,000	RM 72	538 sqft	Dec 2022
Level 1	RM 75,000	RM 137	549 sqft	Dec 2022
Level 3	RM 48,000	RM 87	549 sqft	Nov 2022
Level 5	RM 70,000	RM 130	538 sqft	May 2022
Level 5	RM 70,000	RM 128	549 sqft	May 2022
Level 2	RM 45,000	RM 82	549 sqft	Apr 2022
Level 1	RM 80,000	RM 146	549 sqft	Jan 2022