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 225K to RM 570K, 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.
Price per square foot shows a median of RM 156, though individual units vary from RM 124 to RM 188 in the core range. The broader market spans RM 88.88 to RM 223.13, indicating diverse property characteristics. The spread of RM 134.25 (IQR) and deviation of RM 32 (MAD) suggest moderate price variations reflecting different property features.
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.
