TAMAN MINAMAH

Area Intelligence

2024

Median Price

RM 347,500

PSF: RM 116

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Residential PSF Trends

Median Price

RM 347,500

PSF: RM 116

TAMAN MINAMAH in Seberang Perai Selatan, Penang recorded 2 subsale transactions in 2024, with a median price of RM 348K and a median price per square foot (PSF) of RM 116.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 348K, with most transactions falling within a stable range of RM 315K to RM 380K, and a typical market range of RM 331K to RM 364K.

Most transactions involved 1 - 1 1/2 storey semi-detached, with minimal variety in property types.

For price per square foot, the median is RM 116, with most transactions between RM 105 and RM 126. The usual range is RM 104.50 to RM 126.50, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 22.00 and an average deviation (MAD) of RM 11 indicate a highly stable PSF trend across properties.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.

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TAMAN MINAMAH, Seberang Perai Selatan, Penang

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