Penang, Seberang Perai Utara, Butterworth

TAMAN MEWAH

Area Intelligence

2021

Median Price

RM 160,000

PSF: RM 212

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Residential PSF Trends

Median Price

RM 160,000

PSF: RM 212

Commercial PSF Trends

Median Price

RM 982,500

RM 702 PSF

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.

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 212 and RM 212. 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 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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