Penang, Seberang Perai Tengah, Mukit Mertajam

TAMAN USAHANIAGA

Area Intelligence

2022

Median Price

RM 162,500

PSF: RM 156

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Residential PSF Trends

Median Price

RM 145,000

PSF: RM 145

Commercial PSF Trends

Median Price

RM 180,000

RM 167 PSF

TAMAN USAHANIAGA in Seberang Perai Tengah, Penang recorded 4 subsale transactions in 2022, with a median price of RM 163K and a median price per square foot (PSF) of RM 156.

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 163K, with most transactions falling within a stable range of RM 145K to RM 184K, and a typical market range of RM 145K to RM 194K.

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

For price per square foot, the median is RM 156, with most transactions between RM 141 and RM 171. The usual range is RM 129.88 to RM 182.13, showing that most units are priced quite close to each other. With an IQR of RM 52.25 and MAD of RM 15, 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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