Penang, Seberang Perai Tengah, Mukit Mertajam

TAMAN CIKU

Area Intelligence

2022

Median Price

RM 510,000

PSF: RM 391

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Commercial PSF Trends

Median Price

RM 510,000

RM 391 PSF

TAMAN CIKU in Seberang Perai Tengah, Penang recorded 2 subsale transactions in 2022, with a median price of RM 510K and a median price per square foot (PSF) of RM 391.

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 510K, with most transactions falling within a stable range of RM 420K to RM 600K, and a typical market range of RM 420K to RM 600K.

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

For price per square foot, the median is RM 391, with most transactions between RM 352 and RM 429. The usual range is RM 289.88 to RM 491.13, showing that most units are priced quite close to each other. With an IQR of RM 201.25 and MAD of RM 39, 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 CIKU, Seberang Perai Tengah, Penang

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