Penang, Seberang Perai Utara, Butterworth

PANGSAPURI MELUR

Area Intelligence

2022

Median Price

RM 278,000

PSF: RM 340

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Residential PSF Trends

Median Price

RM 278,000

PSF: RM 340

PANGSAPURI MELUR in Seberang Perai Utara, Penang recorded 3 subsale transactions in 2022, with a median price of RM 278K and a median price per square foot (PSF) of RM 340.

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 278K, with most transactions falling within a stable range of RM 258K to RM 298K, and a typical market range of RM 264K to RM 292K.

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

For price per square foot, the median is RM 340, with most transactions between RM 315 and RM 365. The usual range is RM 322.75 to RM 357.25, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 34.50 and an average deviation (MAD) of RM 25 indicate a highly stable PSF trend across properties.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.

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PANGSAPURI MELUR, Seberang Perai Utara, Penang

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