TAMAN SERI MURAI

TAMAN SERI MURAI in Seberang Perai Selatan, Penang recorded 5 subsale transactions in 2023, with a median price of RM 500K and a median price per square foot (PSF) of RM 357.

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 500K, with most transactions falling within a stable range of RM 467K to RM 533K, and a typical market range of RM 478K to RM 523K.

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

The median PSF stands at RM 357, with core pricing between RM 302 and RM 412. Market pricing typically extends from RM 328.50 to RM 385.50, reflecting moderate variation in unit pricing. The spread of RM 57.00 (IQR) and deviation of RM 55 (MAD) suggest moderate price variations reflecting different property features.

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.