TAMAN SERI MENGKUANG

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 252K to RM 538K, and a typical market range of RM 270K to RM 520K.

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

The median PSF stands at RM 288, with core pricing between RM 231 and RM 344. Market pricing typically extends from RM 220.38 to RM 354.63, reflecting moderate variation in unit pricing. The spread of RM 134.25 (IQR) and deviation of RM 57 (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. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.