Penang
Seberang Perai Tengah
20
TAMAN SERI MENGKUANG

TAMAN SERI MENGKUANG

Area Intelligence

2022

Median Price

RM 397,500

PSF: RM 156

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Residential PSF Trends

Median Price

RM 397,500

PSF: RM 156

TAMAN SERI MENGKUANG in Seberang Perai Tengah, Penang recorded 2 subsale transactions in 2022, with a median price of RM 398K and a median price per square foot (PSF) of RM 156.

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 398K, with most transactions falling within a stable range of RM 150K to RM 645K, and a typical market range of RM 273K to RM 523K.

Most transactions involved 2 - 2 1/2 storey terraced, with high diversity across multiple property types.

The median PSF stands at RM 156, with core pricing between RM 138 and RM 174. Market pricing typically extends from RM 88.88 to RM 223.13, reflecting moderate variation in unit pricing. With an IQR of RM 134.25 and MAD of RM 18, the PSF demonstrates reasonable consistency across the market.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.

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TAMAN SERI MENGKUANG, Seberang Perai Tengah, Penang

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