TAMAN MENGKUDU

TAMAN MENGKUDU in Seberang Perai Tengah, Penang recorded 14 subsale transactions in 2024, with a median price of RM 103K and a median price per square foot (PSF) of RM 169.

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 103K, with most transactions falling within a stable range of RM 88K to RM 118K, and a typical market range of RM 85K to RM 120K.

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

The median PSF stands at RM 169, with core pricing between RM 144 and RM 194. Market pricing typically extends from RM 145.88 to RM 192.13, reflecting moderate variation in unit pricing. With an IQR of RM 46.25 and MAD of RM 25, the PSF demonstrates reasonable consistency across the market.

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.