TAMAN MESRA JAYA in Seberang Perai Utara, Penang recorded 2 subsale transactions in 2022, with a median price of RM 230K and a median price per square foot (PSF) of RM 253.
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 230K, with most transactions falling within a stable range of RM 183K to RM 277K, and a typical market range of RM -96,250 to RM 556K.
Most transactions involved condominium/apartment, with moderate diversity in property types available.
Price per square foot shows a median of RM 253, though individual units vary from RM 199 to RM 307 in the core range. The broader market spans RM 42.75 to RM 462.25, indicating diverse property characteristics. The spread of RM 419.50 (IQR) and deviation of RM 54 (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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.
