Penang, Seberang Perai Utara, Butterworth

TAMAN MOLEK

Area Intelligence

2024

Median Price

RM 865,000

PSF: RM 315

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Residential PSF Trends

Median Price

RM 865,000

PSF: RM 315

Commercial PSF Trends

Median Price

RM 990,000

RM 705 PSF

TAMAN MOLEK in Seberang Perai Utara, Penang recorded 1 subsale transactions in 2024, with a median price of RM 865K and a median price per square foot (PSF) of RM 315.

This area contains both residential and commercial properties. View 5 residential properties or 1 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 865K, with most transactions falling within a stable range of RM 753K to RM 978K, and a typical market range of RM 779K to RM 951K.

Most transactions involved 2 - 2 1/2 storey semi-detached, with moderate diversity in property types available.

For price per square foot, the median is RM 315, with most transactions between RM 288 and RM 342. The usual range is RM 293.88 to RM 336.13, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 42.25 and an average deviation (MAD) of RM 27 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. Despite diverse property types, prices remain relatively stable, offering options for different buyer preferences. Limited transaction history suggests carefully evaluating comparable sales data.

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TAMAN MOLEK, Seberang Perai Utara, Penang

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