Penang, Seberang Perai Utara, Butterworth

TAMAN MEWAH

Area Intelligence

2025

Median Price

RM 193,000

PSF: RM 245

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Residential PSF Trends

Median Price

RM 193,000

PSF: RM 245

Commercial PSF Trends

Median Price

RM 982,500

RM 702 PSF

TAMAN MEWAH in Seberang Perai Utara, Penang recorded 2 subsale transactions in 2025, with a median price of RM 193K and a median price per square foot (PSF) of RM 245.

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 193K, with most transactions falling within a stable range of RM 175K to RM 211K, and a typical market range of RM 177K to RM 209K.

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

For price per square foot, the median is RM 245, with most transactions between RM 232 and RM 258. The usual range is RM 226.63 to RM 263.38, 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 13 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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