TAMAN MENGKUDU

TAMAN MENGKUDU in Seberang Perai Tengah, Penang recorded 6 subsale transactions in 2022, with a median price of RM 73K and a median price per square foot (PSF) of RM 113.

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 73K, with most transactions falling within a stable range of RM 68K to RM 76K, and a typical market range of RM 65K to RM 76K.

Most transactions involved low-cost flat, with minimal variety in property types.

For price per square foot, the median is RM 113, with most transactions between RM 102 and RM 124. The usual range is RM 89.88 to RM 136.13, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 46.25 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. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.