Penang, Seberang Perai Tengah, Mukit Mertajam

TAMAN CIKU

Area Intelligence

2023

Median Price

RM 515,000

PSF: RM 264

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Commercial PSF Trends

Median Price

RM 515,000

RM 464 PSF

TAMAN CIKU in Seberang Perai Tengah, Penang recorded 2 subsale transactions in 2023, with a median price of RM 515K and a median price per square foot (PSF) of RM 264.

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 515K, with most transactions falling within a stable range of RM 400K to RM 784K, and a typical market range of RM 421K to RM 609K.

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

The median PSF stands at RM 264, with core pricing between RM 214 and RM 315. Market pricing typically extends from RM 163.71 to RM 364.97, reflecting moderate variation in unit pricing. The spread of RM 201.25 (IQR) and deviation of RM 50 (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 CIKU, Seberang Perai Tengah, Penang

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