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 58K to RM 88K, and a typical market range of RM 55K to RM 90K.
Most transactions involved low-cost flat, with minimal variety in property types.
Price per square foot shows a median of RM 113, though individual units vary from RM 88 to RM 138 in the core range. The broader market spans RM 89.88 to RM 136.13, indicating diverse property characteristics. The spread of RM 46.25 (IQR) and deviation of RM 25 (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.
