Taman Melati

13100 Butterworth, Pulau Pinang, Malaysia

Property Transactions

2 subsales found

Median
RM895,000
PSF
RM602
Price Size
Period
transactions middle 50% (P25–P75)
RM1,050,000
Pesara Mahsuri 5
1,324 sqft RM793 PSF
RM740,000
Jalan Tun Dr. Awang
1,798 sqft RM412 PSF
Legend Recent Highest Price Highest PSF

Selling in Taman Melati? Homes here sold for a median of RM895,000.

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Market Snapshot

Residential

RM895,000

RM602 psf

Median transaction price

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Taman Melati, 13100 Butterworth, Pulau Pinang, Malaysia

Maps

Taman Melati in Barat Daya, Penang recorded 2 subsale transactions in 2023, with a median price of RM895K and a median price per square foot (PSF) of RM602.

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 RM895K, with most transactions falling within a stable range of RM740K to RM1.05 million, and a typical market range of RM877K to RM913K.

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

Price per square foot shows a median of RM602, though individual units vary from RM412 to RM793 in the core range. The broader market spans RM526.37 to RM678.37, indicating diverse property characteristics. A wider spread (IQR: RM152.00) and deviation (MAD: RM191) indicate significant PSF variations, likely due to diverse property types or conditions.

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.