Penang
Seberang Perai Utara
6
TAMAN MEKAR SARI

TAMAN MEKAR SARI

Area Intelligence

2022

Median Price

RM 485,000

PSF: RM 241

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Residential PSF Trends

Median Price

RM 485,000

PSF: RM 241

TAMAN MEKAR SARI in Seberang Perai Utara, Penang recorded 2 subsale transactions in 2022, with a median price of RM 485K and a median price per square foot (PSF) of RM 241.

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 485K, with most transactions falling within a stable range of RM 470K to RM 500K, and a typical market range of RM 470K to RM 500K.

Most transactions involved 2 - 2 1/2 storey terraced, with high diversity across multiple property types.

Price per square foot shows a median of RM 241, though individual units vary from RM 163 to RM 319 in the core range. The broader market spans RM 163.63 to RM 318.38, indicating diverse property characteristics. A wider spread (IQR: RM 154.75) and deviation (MAD: RM 78) indicate significant PSF variations, likely due to diverse property types or conditions.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Despite diverse property types, prices remain relatively stable, offering options for different buyer preferences. Limited transaction history suggests carefully evaluating comparable sales data.

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TAMAN MEKAR SARI, Seberang Perai Utara, Penang

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