Penang, Seberang Perai Tengah, Mukit Mertajam

TAMAN USAHANIAGA

Area Intelligence

2022

Median Price

RM 130,000

PSF: RM 133

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Residential PSF Trends

Median Price

RM 140,000

PSF: RM 147

Commercial PSF Trends

Median Price

RM 130,000

RM 133 PSF

TAMAN USAHANIAGA in Seberang Perai Tengah, Penang recorded 3 subsale transactions in 2022, with a median price of RM 130K and a median price per square foot (PSF) of RM 133.

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 130K, with most transactions falling within a stable range of RM 90K to RM 286K, and a typical market range of RM 99K to RM 161K.

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

Price per square foot shows a median of RM 133, though individual units vary from RM 0 to RM 290 in the core range. The broader market spans RM 106.88 to RM 159.13, indicating diverse property characteristics. A wider spread (IQR: RM 52.25) and deviation (MAD: RM 157) indicate significant PSF variations, likely due to diverse property types or conditions.

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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