Penang, Seberang Perai Tengah, Mukit Mertajam

TAMAN SERUMPUN

Area Intelligence

2024

Median Price

RM 560,000

PSF: RM 331

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Residential PSF Trends

Median Price

RM 560,000

PSF: RM 331

TAMAN SERUMPUN in Seberang Perai Tengah, Penang recorded 2 subsale transactions in 2024, with a median price of RM 560K and a median price per square foot (PSF) of RM 331.

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 560K, with most transactions falling within a stable range of RM 480K to RM 640K, and a typical market range of RM 512K to RM 608K.

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 331, though individual units vary from RM 214 to RM 447 in the core range. The broader market spans RM 250.38 to RM 410.63, indicating diverse property characteristics. A wider spread (IQR: RM 160.25) and deviation (MAD: RM 117) 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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