TAMAN MEWAH

Area Intelligence
2024
Median Price
RM 175,000
PSF: RM 220

Residential PSF Trends

Median Price

RM 171,500

PSF: RM 217

Commercial PSF Trends

Median Price

RM 985,000

RM 704 PSF

TAMAN MEWAH in Seberang Perai Utara, Penang recorded 11 subsale transactions in 2024, with a median price of RM 175K and a median price per square foot (PSF) of RM 220.

This area contains both residential and commercial properties. View 32 residential properties or 2 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 175K, with most transactions falling within a stable range of RM 154K to RM 190K, and a typical market range of RM 159K to RM 190K.

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

The median PSF stands at RM 220, with core pricing between RM 193 and RM 247. Market pricing typically extends from RM 201.63 to RM 238.38, reflecting moderate variation in unit pricing. With an IQR of RM 36.75 and MAD of RM 27, the PSF demonstrates reasonable consistency across the market.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.

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TAMAN MEWAH, Seberang Perai Utara, Penang

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Transactions

10 transactions found

RM 175,000
Level 7
818 sqft RM 214.00 PSF
RM 158,000
Level 7
753 sqft RM 210.00 PSF
RM 130,000
Level 9
753 sqft RM 173.00 PSF
RM 168,000
Level 1
753 sqft RM 223.00 PSF
RM 190,000
Level 8
753 sqft RM 252.00 PSF
RM 190,000
Level 9
753 sqft RM 252.00 PSF
RM 180,000
Level 8
818 sqft RM 220.00 PSF
RM 145,000
Level 5
753 sqft RM 192.00 PSF
RM 143,000
Level 8
753 sqft RM 190.00 PSF
RM 190,000
Level 9
753 sqft RM 252.00 PSF

No Properties For Sale

There are currently no properties listed for sale in this area.

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