TAMAN VILLA MUTIARA INDAH

TAMAN VILLA MUTIARA INDAH in Seberang Perai Selatan, Penang recorded 15 subsale transactions in 2022, with a median price of RM 630K and a median price per square foot (PSF) of RM 264.

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 630K, with most transactions falling within a stable range of RM 494K to RM 766K, and a typical market range of RM 560K to RM 700K.

Most transactions involved 2 - 2 1/2 storey semi-detached, with moderate diversity in property types available.

The median PSF stands at RM 264, with core pricing between RM 214 and RM 314. Market pricing typically extends from RM 238.75 to RM 289.25, reflecting moderate variation in unit pricing. The spread of RM 50.50 (IQR) and deviation of RM 50 (MAD) suggest moderate price variations reflecting different property features.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.