Penang, Seberang Perai Utara, Butterworth

TAMAN MEWAH

Area Intelligence

2022

Median Price

RM 150,000

PSF: RM 199

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Residential PSF Trends

Median Price

RM 150,000

PSF: RM 199

Commercial PSF Trends

Median Price

RM 982,500

RM 702 PSF

TAMAN MEWAH in Seberang Perai Utara, Penang recorded 9 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 135K to RM 165K, and a typical market range of RM 134K to RM 166K.

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

For price per square foot, the median is RM 199, with most transactions between RM 182 and RM 216. The usual range is RM 180.63 to RM 217.38, 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 17 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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.

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TAMAN MEWAH, Seberang Perai Utara, Penang

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Transactions

9 transactions grouped by size

Popular Ranges

Under RM 300k RM 300k - 500k RM 500k - 750k RM 750k - 1M RM 1M - 2M RM 2M+

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Size Range (sqft)

Popular Ranges

Under 1,000 sqft 1,000 - 2,000 sqft 2,000 - 3,000 sqft 3,000 - 5,000 sqft 5,000 - 10,000 sqft 10,000+ sqft

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Road	Price	Land PSF	Land	Date	Type

750 sqft

Condo/Apartment

750 sqft

Condo/Apartment

RM 150,000

Level 5

753 sqft · RM 199 PSF

Dec 2022

RM 142,000

Level 6

753 sqft · RM 188 PSF

Dec 2022

RM 170,000

Level 10

753 sqft · RM 226 PSF

Dec 2022

RM 130,000

Level 2

753 sqft · RM 173 PSF

Aug 2022

RM 125,000

Level 7

753 sqft · RM 166 PSF

Jul 2022

RM 150,000

Level 7

753 sqft · RM 199 PSF

Jul 2022

RM 145,000

Level 9

753 sqft · RM 192 PSF

Jul 2022

Level 5	RM 150,000	RM 199	753 sqft	Dec 2022
Level 6	RM 142,000	RM 188	753 sqft	Dec 2022
Level 10	RM 170,000	RM 226	753 sqft	Dec 2022
Level 2	RM 130,000	RM 173	753 sqft	Aug 2022
Level 7	RM 125,000	RM 166	753 sqft	Jul 2022
Level 7	RM 150,000	RM 199	753 sqft	Jul 2022
Level 9	RM 145,000	RM 192	753 sqft	Jul 2022