TAMAN MEWAH in Seberang Perai Utara, Penang recorded 9 subsale transactions in 2023, with a median price of RM 170K and a median price per square foot (PSF) of RM 219.
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 170K, with most transactions falling within a stable range of RM 152K to RM 188K, and a typical market range of RM 154K to RM 186K.
Most transactions involved condominium/apartment, with minimal variety in property types.
The median PSF stands at RM 219, with core pricing between RM 196 and RM 242. Market pricing typically extends from RM 200.63 to RM 237.38, reflecting moderate variation in unit pricing. With an IQR of RM 36.75 and MAD of RM 23, 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.
