TAMAN MENGKUANG JAYA in Seberang Perai Tengah, Penang recorded 2 subsale transactions in 2022, with a median price of RM 450K and a median price per square foot (PSF) of RM 346.
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 450K, with most transactions falling within a stable range of RM 429K to RM 471K, and a typical market range of RM 381K to RM 519K.
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 346, with most transactions between RM 316 and RM 375. The usual range is RM 286.25 to RM 404.75, 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.
