TAMAN MUTIARA in Seberang Perai Tengah, Penang recorded 4 subsale transactions in 2022, with a median price of RM 224K and a median price per square foot (PSF) of RM 196.
This area contains both residential and commercial properties. View 12 residential properties or 11 commercial properties separately for more focused analysis.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 224K, with most transactions falling within a stable range of RM 50K to RM 398K, and a typical market range of RM 38K to RM 408K.
Most transactions involved shop unit/retail lot, with high diversity across multiple property types.
Price per square foot shows a median of RM 196, though individual units vary from RM 84 to RM 307 in the core range. The broader market spans RM 77.75 to RM 313.25, indicating diverse property characteristics. A wider spread (IQR: RM 235.50) and deviation (MAD: RM 111) 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.
