TAMAN MERPATI INDAH

TAMAN MERPATI INDAH in Seberang Perai Selatan, Penang recorded 2 subsale transactions in 2023, with a median price of RM 475K and a median price per square foot (PSF) of RM 398.

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 475K, with most transactions falling within a stable range of RM 470K to RM 480K, and a typical market range of RM 470K to RM 480K.

Most transactions involved flats, with high diversity across multiple property types.

For price per square foot, the median is RM 398, with most transactions between RM 393 and RM 402. The usual range is RM 348.38 to RM 446.63, showing that most units are priced quite close to each other. With an IQR of RM 98.25 and MAD of RM 5, the PSF demonstrates reasonable consistency across the market.

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.