Penang, Seberang Perai Tengah, Mukit Mertajam

TAMAN USAHANIAGA

Area Intelligence

2023

Median Price

RM 167,500

PSF: RM 168

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Residential PSF Trends

Median Price

RM 135,000

PSF: RM 149

Commercial PSF Trends

Median Price

RM 200,000

RM 186 PSF

TAMAN USAHANIAGA in Seberang Perai Tengah, Penang recorded 2 subsale transactions in 2023, priced up to RM 300K, with a median price of RM 168K and a median price per square foot (PSF) of RM 168.

This area contains both residential and commercial properties. View 8 residential properties or 14 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 168K, with most transactions falling within a stable range of RM 135K to RM 200K, and a typical market range of RM 136K to RM 199K.

Most transactions involved office lot, with high diversity across multiple property types.

The median PSF stands at RM 168, with core pricing between RM 149 and RM 186. Market pricing typically extends from RM 141.44 to RM 193.69, reflecting moderate variation in unit pricing. With an IQR of RM 52.25 and MAD of RM 18, 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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.

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TAMAN USAHANIAGA, Seberang Perai Tengah, Penang

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