Penang
Seberang Perai Tengah
20
TAMAN SERI MENGKUANG

TAMAN SERI MENGKUANG

Area Intelligence

2023

Median Price

RM 435,000

PSF: RM 299

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Residential PSF Trends

Median Price

RM 435,000

PSF: RM 299

TAMAN SERI MENGKUANG in Seberang Perai Tengah, Penang recorded 4 subsale transactions in 2023, priced between RM 300K and RM 500K, with a median price of RM 435K and a median price per square foot (PSF) of RM 299.

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 435K, with most transactions falling within a stable range of RM 402K to RM 450K, and a typical market range of RM 370K to RM 450K.

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

The median PSF stands at RM 299, with core pricing between RM 267 and RM 332. Market pricing typically extends from RM 232.18 to RM 366.43, reflecting moderate variation in unit pricing. With an IQR of RM 134.25 and MAD of RM 33, 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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