TAMAN DESA MURNI in Seberang Perai Utara, Penang recorded 31 subsale transactions in 2023, with a median price of RM 300K and a median price per square foot (PSF) of RM 340.
This area contains both residential and commercial properties. View 79 residential properties or 11 commercial properties separately for more focused analysis.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 300K, with most transactions falling within a stable range of RM 181K to RM 419K, and a typical market range of RM 253K to RM 347K.
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 340, though individual units vary from RM 259 to RM 421 in the core range. The broader market spans RM 282.38 to RM 397.63, indicating diverse property characteristics. The spread of RM 115.25 (IQR) and deviation of RM 81 (MAD) suggest moderate price variations reflecting different property features.
While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Some price volatility exists, making thorough market research essential before transacting. Moderate transaction volume may require patience when buying or selling.
