TAMAN MANGGA

Area Intelligence

2021

Median Price

RM 160,000

PSF: RM 160

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Residential PSF Trends

Median Price

RM 160,000

PSF: RM 160

TAMAN MANGGA in Seberang Perai Tengah, Penang recorded 2 subsale transactions in 2021, with a median price of RM 160K and a median price per square foot (PSF) of RM 160.

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 160K, with most transactions falling within a stable range of RM 150K to RM 170K, and a typical market range of RM 150K to RM 170K.

Most transactions involved low-cost house, though some variety exists in the market.

For price per square foot, the median is RM 160, with most transactions between RM 150 and RM 170. The usual range is RM 123.38 to RM 196.63, showing that most units are priced quite close to each other. With an IQR of RM 73.25 and MAD of RM 10, 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. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.

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TAMAN MANGGA, Seberang Perai Tengah, Penang

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