TAMAN MESRA JAYA in Seberang Perai Utara, Penang recorded 4 subsale transactions in 2024, with a median price of RM 873K and a median price per square foot (PSF) of RM 660.
This area contains both residential and commercial properties. View 4 residential properties or 3 commercial properties separately for more focused analysis.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 873K, with most transactions falling within a stable range of RM 826K to RM 920K, and a typical market range of RM 546K to RM 1.20 million.
Most transactions involved condominium/apartment, with moderate diversity in property types available.
For price per square foot, the median is RM 660, with most transactions between RM 606 and RM 714. The usual range is RM 449.75 to RM 869.25, showing that most units are priced quite close to each other. With an IQR of RM 419.50 and MAD of RM 54, 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.
