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 500K to RM 343K, and a typical market range of RM 500K to RM 347K.
Most transactions involved 2 - 2 1/2 storey terraced, with moderate diversity in property types available.
For price per square foot, the median is RM 340, with most transactions between RM 310 and RM 370. The usual range is RM 282.38 to RM 397.63, showing that most units are priced quite close to each other. With an IQR of RM 115.25 and MAD of RM 30, 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. Some price volatility exists, making thorough market research essential before transacting. Moderate transaction volume may require patience when buying or selling.
