TAMAN MENGKUANG JAYA in Seberang Perai Tengah, Penang recorded 7 subsale transactions in 2024, with a median price of RM 500K and a median price per square foot (PSF) of RM 326.
This area contains both residential and commercial properties. View 43 residential properties or 1 commercial properties separately for more focused analysis.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 500K, with most transactions falling within a stable range of RM 479K to RM 521K, and a typical market range of RM 431K to RM 569K.
Most transactions involved 2 - 2 1/2 storey terraced, with moderate diversity in property types available.
For price per square foot, the median is RM 326, with most transactions between RM 297 and RM 356. The usual range is RM 266.75 to RM 385.25, showing that most units are priced quite close to each other. With an IQR of RM 118.50 and MAD of RM 30, 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. Despite diverse property types, prices remain relatively stable, offering options for different buyer preferences. Limited transaction history suggests carefully evaluating comparable sales data.
