Penang, Seberang Perai Utara, Butterworth

TAMAN MEWAH

Area Intelligence

2024

Median Price

RM 175,000

PSF: RM 220

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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.

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

For price per square foot, the median is RM 220, with most transactions between RM 220 and RM 220. The usual range is RM 201.66 to RM 238.41, 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 0 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. 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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