Penang, Seberang Perai Utara, Butterworth

TAMAN OREN MELUR

Area Intelligence

2023

Median Price

RM 1,036,000

PSF: RM 576

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Residential PSF Trends

Median Price

RM 1,036,000

PSF: RM 576

TAMAN OREN MELUR in Seberang Perai Utara, Penang recorded 7 subsale transactions in 2023, with a median price of RM 1.04 million and a median price per square foot (PSF) of RM 576.

This area consists exclusively of residential properties, with no commercial listings recorded.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 1.04 million, with most transactions falling within a stable range of RM 1.03 million to RM 1.19 million, and a typical market range of RM 1.03 million to RM 1.09 million.

Most transactions involved 2 - 2 1/2 storey terraced, with minimal variety in property types.

The median PSF stands at RM 576, with core pricing between RM 492 and RM 660. Market pricing typically extends from RM 563.00 to RM 589.00, reflecting moderate variation in unit pricing. With an IQR of RM 26.00 and MAD of RM 84, the PSF demonstrates reasonable consistency across the market.

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 OREN MELUR, Seberang Perai Utara, Penang

OSM

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Transactions

7 transactions grouped by size

Popular Ranges

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

Custom Range

Min Price (RM)

Max Price (RM)

Clear

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

Custom Range

Min Size (sqft)

Max Size (sqft)

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Road	Price	Land PSF	Land	Date	Type

1,750 sqft

Double Storey Terraced

1,750 sqft

Double Storey Terraced

RM 1,044,000

JALAN OREN MELUR

1,733 sqft · RM 602 PSF

May 2023

RM 1,028,000

JALAN OREN MELUR

1,755 sqft · RM 586 PSF

Feb 2023

JALAN OREN MELUR	RM 1,044,000	RM 602	1,733 sqft	May 2023
JALAN OREN MELUR	RM 1,028,000	RM 586	1,755 sqft	Feb 2023

1,800 sqft

Double Storey Terraced

1,800 sqft

Double Storey Terraced

RM 1,034,000

JALAN OREN MELUR

1,787 sqft · RM 579 PSF

Apr 2023

RM 1,036,000

JALAN OREN MELUR

1,798 sqft · RM 576 PSF

Apr 2023

RM 1,036,000

JALAN OREN MELUR

1,798 sqft · RM 576 PSF

Mar 2023

JALAN OREN MELUR	RM 1,034,000	RM 579	1,787 sqft	Apr 2023
JALAN OREN MELUR	RM 1,036,000	RM 576	1,798 sqft	Apr 2023
JALAN OREN MELUR	RM 1,036,000	RM 576	1,798 sqft	Mar 2023