TAMAN MURAI JAYA

Area Intelligence
2023
Median Price
RM 65,000
PSF: RM 118

Residential PSF Trends

Median Price

RM 65,000

PSF: RM 118

TAMAN MURAI JAYA in Seberang Perai Selatan, Penang recorded 5 subsale transactions in 2023, with a median price of RM 65K and a median price per square foot (PSF) of RM 118.

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 65K, with most transactions falling within a stable range of RM 39K to RM 252K, and a typical market range of RM 39K to RM 214K.

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

Price per square foot shows a median of RM 118, though individual units vary from RM 46 to RM 190 in the core range. The broader market spans RM 55.50 to RM 180.50, indicating diverse property characteristics. A wider spread (IQR: RM 125.00) and deviation (MAD: RM 72) 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. 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

5 transactions grouped by size

550 sqft
Low-Cost Flat
RM 65,000
Level G
549 sqft · RM 118 PSF
RM 58,000
Level 1
549 sqft · RM 106 PSF
RM 39,000
Level 3
549 sqft · RM 71 PSF
1,800 sqft
Double Storey Semi-D
RM 490,000
LORONG MURAI JAYA 4
1,798 sqft · RM 273 PSF
1,950 sqft
Single Storey Terraced
RM 365,000
LORONG MURAI JAYA 4
1,948 sqft · RM 187 PSF

No Properties For Sale

There are currently no properties listed for sale in this area.

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