TAMAN MACANG MANIS in Seberang Perai Tengah, Penang recorded 4 subsale transactions in 2024, with a median price of RM 370K and a median price per square foot (PSF) of RM 140.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 370K, with most transactions falling within a stable range of RM 355K to RM 385K, and a typical market range of RM 333K to RM 408K.
Most transactions involved 1 - 1 1/2 storey semi-detached, with minimal variety in property types.
The median PSF stands at RM 140, with core pricing between RM 124 and RM 156. Market pricing typically extends from RM 127.00 to RM 153.00, reflecting moderate variation in unit pricing. With an IQR of RM 26.00 and MAD of RM 16, 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. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.