TAMAN MUTIARA

Area Intelligence

2022

Median Price

RM 224,000

PSF: RM 196

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Residential PSF Trends

Median Price

RM 40,000

PSF: RM 78

Commercial PSF Trends

Median Price

RM 988,000

RM 820 PSF

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 223K to RM 40K, and a typical market range of RM 38K to RM 40K.

Most transactions involved shop unit/retail lot, with high diversity across multiple property types.

For price per square foot, the median is RM 196, with most transactions between RM 195 and RM 197. The usual range is RM 77.75 to RM 313.25, showing that most units are priced quite close to each other. With an IQR of RM 235.50 and MAD of RM 1, the PSF demonstrates reasonable consistency across the market.

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 MUTIARA, Seberang Perai Tengah, Penang

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