TAMAN MEWAH

Area Intelligence
2 subsale transactions
3-Storey Shop
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Median Price
RM 982,500
PSF: RM 702

Residential PSF Trends

Median Price

RM 165,000

PSF: RM 212

Commercial PSF Trends

Median Price

RM 982,500

RM 702 PSF

TAMAN MEWAH in Seberang Perai Utara, Penang recorded 2 3-Storey Shop properties subsale transactions between 2021 and 2025 for 3-storey shop properties, with a median price of RM 983K and a median price per square foot (PSF) of RM 702.

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 983K, with most transactions falling within a stable range of RM 980K to RM 985K, and a typical market range of RM 980K to RM 985K.

Within the 3-Storey Shop category, condominium/apartment dominated the market, with minimal variety in property types.

For price per square foot, the median is RM 702, with most transactions between RM 700 and RM 704. The usual range is RM 683.63 to RM 720.38, 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 2 indicate a highly stable PSF trend across properties.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.

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TAMAN MEWAH, Seberang Perai Utara, Penang

OSM

Transactions

2 transactions grouped by size

Price Range

Clear

Size Range (sqft)

Clear
1,400 sqft
3-Storey Shop
RM 985,000
JALAN SUNGAI NYIOR
1,399 sqft · RM 704.00 PSF
Feb 2024
RM 980,000
JALAN SUNGAI NYIOR
1,399 sqft · RM 700.00 PSF
Apr 2022