Penang
Seberang Perai Selatan
14
TAMAN MURAI JAYA

TAMAN MURAI JAYA

Area Intelligence

2023

Median Price

RM 427,500

PSF: RM 230

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Residential PSF Trends

Median Price

RM 427,500

PSF: RM 230

TAMAN MURAI JAYA in Seberang Perai Selatan, Penang recorded 2 subsale transactions in 2023, with a median price of RM 428K and a median price per square foot (PSF) of RM 230.

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 428K, with most transactions falling within a stable range of RM 365K to RM 490K, and a typical market range of RM 365K to RM 490K.

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

The median PSF stands at RM 230, with core pricing between RM 187 and RM 273. Market pricing typically extends from RM 167.50 to RM 292.50, reflecting moderate variation in unit pricing. The spread of RM 125.00 (IQR) and deviation of RM 43 (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. 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 MURAI JAYA, Seberang Perai Selatan, Penang

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