Area Intelligence

TMN MURAI JAYA

5 properties
2024
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Median Price
RM 300,000
PSF: RM 232

Residential Market

Median Price

RM 300,000

IQR: RM 132
MAD: RM 71
RM 232 PSF 7.9%

PSF Trends (2021-2025)

TMN MURAI JAYA in Seberang Perai Selatan, Penang recorded 5 subsale transactions in 2024, with a median price of RM 300K and a median price per square foot (PSF) of RM 232.

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 300K, with most transactions falling within a stable range of RM 172K to RM 360K, and a typical market range of RM 149K to RM 360K.

Most transactions involved low-cost flat, with high diversity across multiple property types.

Price per square foot shows a median of RM 232, though individual units vary from RM 154 to RM 310 in the core range. The broader market spans RM 169.00 to RM 295.00, indicating diverse property characteristics. A wider spread (IQR: RM 126.00) and deviation (MAD: RM 78) indicate significant PSF variations, likely due to diverse property types or conditions.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.

Area Location

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TMN MURAI JAYA, Seberang Perai Selatan, Penang

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Transactions

5 properties grouped by size

550 sqft
2 units Low-Cost Flat
RM 120,000
549 sqft · RM 219.00 PSF
Jul 2024
RM 45,000
538 sqft · RM 84.00 PSF
Jan 2024
1,200 sqft
2 units Single Storey Terraced
RM 350,000
LORONG MURAI JAYA 7
1,195 sqft · RM 293.00 PSF
May 2024
RM 360,000
LRG MURAI JAYA 7
1,195 sqft · RM 301.00 PSF
Jan 2024
1,300 sqft
1 units Single Storey Terraced
RM 300,000
LRG MURAI JAYA 1
1,292 sqft · RM 232.00 PSF
Jun 2024