Penang
Seberang Perai Utara
11
TAMAN SERI MURNI

TAMAN SERI MURNI

Area Intelligence

2023

Median Price

RM 495,000

PSF: RM 372

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Residential PSF Trends

Median Price

RM 495,000

PSF: RM 372

TAMAN SERI MURNI in Seberang Perai Utara, Penang recorded 11 subsale transactions in 2023, with a median price of RM 495K and a median price per square foot (PSF) of RM 372.

This area consists exclusively of residential properties, with no commercial listings recorded.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 495K, with most transactions falling within a stable range of RM 495K to RM 498K, and a typical market range of RM 495K to RM 500K.

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 372, with most transactions between RM 370 and RM 374. The usual range is RM 281.63 to RM 462.38, showing that most units are priced quite close to each other. With an IQR of RM 180.75 and MAD of RM 2, 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. Limited transaction history suggests carefully evaluating comparable sales data.

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TAMAN SERI MURNI, Seberang Perai Utara, Penang

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