Taman Mekar
14, Lorong Mekar, Taman Mekar, 13400 Butterworth, Pulau Pinang, Malaysia
14, Lorong Mekar, Taman Mekar, 13400 Butterworth, Pulau Pinang, Malaysia
| Road | Price | PSF | Size | Date | Type |
|---|
|
Lorong Mekar 3
|
RM 438,000
|
RM 295
|
1,485 sqft
|
|
|
Lorong Mekar 5
|
RM 560,000
|
RM 349
|
1,604 sqft
|
|
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Market Snapshot
ResidentialRM 499,000
RM 322 psfMedian transaction price
14, Lorong Mekar, Taman Mekar, 13400 Butterworth, Pulau Pinang, Malaysia
MapsTaman Mekar in Seberang Perai Utara, Penang recorded 2 Double Storey Terraced properties subsale transactions between 2021 and 2026, with a median price of RM 499K and a median price per square foot (PSF) of RM 322.
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 499K, with most transactions falling within a stable range of RM 438K to RM 560K, and a typical market range of RM 438K to RM 560K.
Within the Double Storey Terraced category, 2 - 2 1/2 storey terraced dominated the market, with high diversity across multiple property types.
For price per square foot, the median is RM 322, with most transactions between RM 295 and RM 349. The usual range is RM 286.90 to RM 357.15, showing that most units are priced quite close to each other. With an IQR of RM 70.25 and MAD of RM 27, 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.