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 370K to RM 506K, and a typical market range of RM 370K to RM 520K.

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 288, though individual units vary from RM 216 to RM 359 in the core range. The broader market spans RM 220.38 to RM 354.63, indicating diverse property characteristics. The spread of RM 134.25 (IQR) and deviation of RM 71 (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.

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TAMAN SERI MENGKUANG, Seberang Perai Tengah, Penang

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Transactions

5 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

1,400 sqft

Double Storey Terraced

1,400 sqft

Double Storey Terraced

RM 420,000

LORONG SERI MENGKUANG 7

1,399 sqft · RM 300 PSF

Sep 2023

RM 450,000

LORONG SERI MENGKUANG 4

1,399 sqft · RM 322 PSF

Apr 2023

RM 370,000

LORONG SERI MENGKUANG 5

1,399 sqft · RM 264 PSF

Mar 2023

RM 450,000

LORONG SERI MENGKUANG 7

1,399 sqft · RM 322 PSF

Feb 2023

LORONG SERI MENGKUANG 7	RM 420,000	RM 300	1,399 sqft	Sep 2023
LORONG SERI MENGKUANG 4	RM 450,000	RM 322	1,399 sqft	Apr 2023
LORONG SERI MENGKUANG 5	RM 370,000	RM 264	1,399 sqft	Mar 2023
LORONG SERI MENGKUANG 7	RM 450,000	RM 322	1,399 sqft	Feb 2023