Penang, Seberang Perai Tengah, Mukit Mertajam

TAMAN JAYA

Area Intelligence

2022

Median Price

RM 387,500

PSF: RM 244

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Residential PSF Trends

Median Price

RM 387,500

PSF: RM 244

Commercial PSF Trends

Median Price

RM 935,000

RM 589 PSF

TAMAN JAYA in Seberang Perai Tengah, Penang recorded 4 subsale transactions in 2022, with a median price of RM 388K and a median price per square foot (PSF) of RM 244.

This area contains both residential and commercial properties. View 11 residential properties or 4 commercial properties separately for more focused analysis.

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

Most transactions involved 2 - 2 1/2 storey semi-detached, with high diversity across multiple property types.

For price per square foot, the median is RM 244, with most transactions between RM 244 and RM 244. The usual range is RM 179.88 to RM 307.13, showing that most units are priced quite close to each other. With an IQR of RM 127.25 and MAD of RM 0, 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 JAYA, Seberang Perai Tengah, Penang

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