TAMAN MENGKUDU

TAMAN MENGKUDU in Seberang Perai Tengah, Penang recorded 5 subsale transactions in 2023, with a median price of RM 80K and a median price per square foot (PSF) of RM 140.

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 80K, with most transactions falling within a stable range of RM 64K to RM 96K, and a typical market range of RM 63K to RM 97K.

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

The median PSF stands at RM 140, with core pricing between RM 113 and RM 167. Market pricing typically extends from RM 116.88 to RM 163.13, reflecting moderate variation in unit pricing. The spread of RM 46.25 (IQR) and deviation of RM 27 (MAD) suggest moderate price variations reflecting different property features.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.