Penang, Seberang Perai Tengah, Mukit Mertajam

TAMAN SERUMPUN

Area Intelligence

2022

Median Price

RM 482,500

PSF: RM 240

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Residential PSF Trends

Median Price

RM 482,500

PSF: RM 240

TAMAN SERUMPUN in Seberang Perai Tengah, Penang recorded 2 subsale transactions in 2022, with a median price of RM 483K and a median price per square foot (PSF) of RM 240.

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

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 483K, with most transactions falling within a stable range of RM 390K to RM 575K, and a typical market range of RM 434K to RM 531K.

Most transactions involved 2 - 2 1/2 storey terraced, with moderate diversity in property types available.

Price per square foot shows a median of RM 240, though individual units vary from RM 155 to RM 324 in the core range. The broader market spans RM 159.38 to RM 319.63, indicating diverse property characteristics. A wider spread (IQR: RM 160.25) and deviation (MAD: RM 85) indicate significant PSF variations, likely due to diverse property types or conditions.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Despite diverse property types, prices remain relatively stable, offering options for different buyer preferences. Limited transaction history suggests carefully evaluating comparable sales data.

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TAMAN SERUMPUN, Seberang Perai Tengah, Penang

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