Penang, Seberang Perai Tengah, Mukit Mertajam

TAMAN CIKU

Area Intelligence

2023

Median Price

RM 630,000

PSF: RM 296

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Commercial PSF Trends

Median Price

RM 630,000

RM 574 PSF

TAMAN CIKU in Seberang Perai Tengah, Penang recorded 3 subsale transactions in 2023, with a median price of RM 630K and a median price per square foot (PSF) of RM 296.

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

Price remained flat, and PSF growth was PSF remained flat.

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

For price per square foot, the median is RM 296, with most transactions between RM 296 and RM 296. The usual range is RM 194.98 to RM 396.23, showing that most units are priced quite close to each other. With an IQR of RM 201.25 and MAD of RM 0, the PSF demonstrates reasonable consistency across the market.

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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