Penang
Seberang Perai Tengah
20
TAMAN MENGKUANG JAYA

TAMAN MENGKUANG JAYA

Area Intelligence

2024

Median Price

RM 500,000

PSF: RM 326

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Residential PSF Trends

Median Price

RM 500,000

PSF: RM 326

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 757K to RM 518K, and a typical market range of RM 757K to RM 569K.

Most transactions involved 2 - 2 1/2 storey terraced, with moderate diversity in property types available.

Price per square foot shows a median of RM 326, though individual units vary from RM 134 to RM 519 in the core range. The broader market spans RM 266.75 to RM 385.25, indicating diverse property characteristics. A wider spread (IQR: RM 118.50) and deviation (MAD: RM 193) indicate significant PSF variations, likely due to diverse property types or conditions.

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.

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TAMAN MENGKUANG JAYA, Seberang Perai Tengah, Penang

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