Penang, Seberang Perai Utara, Butterworth

TAMAN MAWAR

Area Intelligence

2022

Median Price

RM 607,500

PSF: RM 405

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Residential PSF Trends

Median Price

RM 607,500

PSF: RM 405

TAMAN MAWAR in Seberang Perai Utara, Penang recorded 2 subsale transactions in 2022, with a median price of RM 608K and a median price per square foot (PSF) of RM 405.

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 608K, with most transactions falling within a stable range of RM 535K to RM 680K, and a typical market range of RM 516K to RM 699K.

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

The median PSF stands at RM 405, with core pricing between RM 333 and RM 476. Market pricing typically extends from RM 341.13 to RM 467.88, reflecting moderate variation in unit pricing. 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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