TAMAN MEWAH in Seberang Perai Utara, Penang recorded 2 subsale transactions in 2021, with a median price of RM 160K and a median price per square foot (PSF) of RM 212.
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 160K, with most transactions falling within a stable range of RM 144K to RM 177K, and a typical market range of RM 144K to RM 176K.
Most transactions involved condominium/apartment, with minimal variety in property types.
For price per square foot, the median is RM 212, with most transactions between RM 192 and RM 232. The usual range is RM 193.63 to RM 230.38, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 36.75 and an average deviation (MAD) of RM 20 indicate a highly stable PSF trend across properties.
While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.
