Penang, Seberang Perai Utara, Butterworth

PANGSAPURI MAWAR

Area Intelligence

2023

Median Price

RM 280,000

PSF: RM 317

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Residential PSF Trends

Median Price

RM 280,000

PSF: RM 317

PANGSAPURI MAWAR in Seberang Perai Utara, Penang recorded 1 subsale transactions in 2023, with a median price of RM 280K and a median price per square foot (PSF) of RM 317.

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 280K, with most transactions falling within a stable range of RM 229K to RM 332K, and a typical market range of RM 232K to RM 328K.

Most transactions involved condominium/apartment, with minimal variety in property types.

For price per square foot, the median is RM 317, with most transactions between RM 289 and RM 345. The usual range is RM 291.63 to RM 342.38, showing that most units are priced quite close to each other. With an IQR of RM 50.75 and MAD of RM 28, the PSF demonstrates reasonable consistency across the market.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.

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PANGSAPURI MAWAR, Seberang Perai Utara, Penang

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