Penang
Seberang Perai Tengah
20
TAMAN SERI MENGKUANG

TAMAN SERI MENGKUANG

Area Intelligence

2023

Median Price

RM 395,000

PSF: RM 288

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Residential PSF Trends

Median Price

RM 395,000

PSF: RM 288

TAMAN SERI MENGKUANG in Seberang Perai Tengah, Penang recorded 8 subsale transactions in 2023, with a median price of RM 395K and a median price per square foot (PSF) of RM 288.

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 395K, with most transactions falling within a stable range of RM 389K to RM 250K, and a typical market range of RM 270K to RM 250K.

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

For price per square foot, the median is RM 288, with most transactions between RM 280 and RM 295. The usual range is RM 220.38 to RM 354.63, showing that most units are priced quite close to each other. With an IQR of RM 134.25 and MAD of RM 7, 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. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.

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TAMAN SERI MENGKUANG, Seberang Perai Tengah, Penang

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Transactions

3 transactions grouped by size

Popular Ranges

Under RM 300k RM 300k - 500k RM 500k - 750k RM 750k - 1M RM 1M - 2M RM 2M+

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Size Range (sqft)

Popular Ranges

Under 1,000 sqft 1,000 - 2,000 sqft 2,000 - 3,000 sqft 3,000 - 5,000 sqft 5,000 - 10,000 sqft 10,000+ sqft

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Road	Price	Land PSF	Land	Date	Type

850 sqft

Cluster House

850 sqft

Cluster House

RM 235,000

LORONG SERI MENGKUANG 16

861 sqft · RM 273 PSF

Dec 2023

RM 245,000

LORONG SERI MENGKUANG 14

861 sqft · RM 285 PSF

Sep 2023

RM 250,000

LORONG SERI MENGKUANG 16

861 sqft · RM 290 PSF

Jan 2023

LORONG SERI MENGKUANG 16	RM 235,000	RM 273	861 sqft	Dec 2023
LORONG SERI MENGKUANG 14	RM 245,000	RM 285	861 sqft	Sep 2023
LORONG SERI MENGKUANG 16	RM 250,000	RM 290	861 sqft	Jan 2023