TAMAN MEWAH in Seberang Perai Utara, Penang recorded 10 subsale transactions in 2022, with a median price of RM 150K and a median price per square foot (PSF) of RM 199.
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 150K, with most transactions falling within a stable range of RM 134K to RM 167K, and a typical market range of RM 134K to RM 166K.
Most transactions involved condominium/apartment, with minimal variety in property types.
The median PSF stands at RM 199, with core pricing between RM 179 and RM 219. Market pricing typically extends from RM 180.63 to RM 217.38, reflecting moderate variation in unit pricing. With an IQR of RM 36.75 and MAD of RM 20, 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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.
