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.
