Penang, Seberang Perai Utara, Butterworth

TAMAN MAWAR

Area Intelligence

2021

Median Price

RM 500,000

PSF: RM 294

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Residential PSF Trends

Median Price

RM 500,000

PSF: RM 294

TAMAN MAWAR in Seberang Perai Utara, Penang recorded 1 subsale transactions in 2021, with a median price of RM 500K and a median price per square foot (PSF) of RM 294.

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 500K, with most transactions falling within a stable range of RM 428K to RM 573K, and a typical market range of RM 408K to RM 592K.

Most transactions involved 2 - 2 1/2 storey terraced, with minimal variety in property types.

Price per square foot shows a median of RM 294, though individual units vary from RM 223 to RM 366 in the core range. The broader market spans RM 230.63 to RM 357.38, indicating diverse property characteristics. The spread of RM 126.75 (IQR) and deviation of RM 72 (MAD) suggest moderate price variations reflecting different property features.

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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TAMAN MAWAR, Seberang Perai Utara, Penang

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