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.

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 156, with most transactions between RM 156 and RM 156. The usual range is RM 88.88 to RM 223.13, showing that most units are priced quite close to each other. With an IQR of RM 134.25 and MAD of RM 0, 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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