Penang, Seberang Perai Tengah, Mukit Mertajam

TAMAN CIKU

Area Intelligence

2024

Median Price

RM 740,000

PSF: RM 316

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Commercial PSF Trends

Median Price

RM 740,000

RM 560 PSF

TAMAN CIKU in Seberang Perai Tengah, Penang recorded 3 subsale transactions in 2024, with a median price of RM 740K and a median price per square foot (PSF) of RM 316.

This area consists exclusively of commercial properties, with no residential listings recorded.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 740K, with most transactions falling within a stable range of RM 640K to RM 840K, and a typical market range of RM 646K to RM 834K.

Most transactions involved 2 - 2 1/2 storey shop, with minimal variety in property types.

The median PSF stands at RM 316, with core pricing between RM 259 and RM 373. Market pricing typically extends from RM 215.04 to RM 416.29, reflecting moderate variation in unit pricing. The spread of RM 201.25 (IQR) and deviation of RM 57 (MAD) suggest moderate price variations reflecting different property features.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.

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TAMAN CIKU, Seberang Perai Tengah, Penang

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