TMN MEKAR
Residential Market
Median Price
RM 560,000
PSF Trends (2021-2025)
PROPERTY TYPES OVERVIEW
Low-Cost House
15 properties
Median Price
RM 155,000
-20.0% CAGR
Median PSF
RM 167.50
-15.9% CAGR
Single Storey Terraced
7 properties
Median Price
RM 235,000
+7.4% CAGR
Median PSF
RM 146.00
+5.4% CAGR
Double Storey Terraced
6 properties
Median Price
RM 380,000
-22.2% CAGR
Median PSF
RM 309.00
-13.4% CAGR
Single Storey Semi-D
3 properties
Median Price
RM 586,250
-1.6% CAGR
Median PSF
RM 196.25
+3.8% CAGR
Detached
1 properties
Median Price
RM 1,800,000
Median PSF
RM 353.00
Low-Cost Flat
1 properties
Median Price
RM 80,000
Median PSF
RM 126.00
| Property Type | Properties | Median Price | Price CAGR | Median PSF | PSF CAGR | |
|---|---|---|---|---|---|---|
| Low-Cost House | 15 |
RM 155,000
±33K MAD
|
-19.96% |
RM 167.50
±17 MAD
|
-15.87% | |
| Single Storey Terraced | 7 |
RM 235,000
±36K MAD
|
+7.42% |
RM 146.00
±16 MAD
|
+5.39% | |
| Double Storey Terraced | 6 |
RM 380,000
±7K MAD
|
-22.19% |
RM 309.00
±77 MAD
|
-13.35% | |
| Single Storey Semi-D | 3 |
RM 586,250
±10K MAD
|
-1.65% |
RM 196.25
±7 MAD
|
+3.77% | |
| Detached | 1 |
RM 1,800,000
|
- |
RM 353.00
|
- | |
| Low-Cost Flat | 1 |
RM 80,000
|
- |
RM 126.00
|
- |
TMN MEKAR in Seberang Perai Utara, Penang recorded 1 subsale transactions in 2023, with a median price of RM 560K and a median price per square foot (PSF) of RM 520.
This area consists exclusively of residential properties, with no commercial listings recorded.
Price remained flat, and PSF growth was PSF remained flat.
Most transactions involved 2 - 2 1/2 storey terraced, though some variety exists in the market.
For price per square foot, the median is RM 520, with most transactions between RM 520 and RM 520. The usual range is RM 478.25 to RM 561.75, showing that most units are priced quite close to each other. With an IQR of RM 83.50 and MAD of RM 0, 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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.
Filter by type, year, price, and size
Transactions
1 properties found
|
Type
|
Road
|
Price
|
PSF
|
Area
|
Date
|
|---|---|---|---|---|---|
| Double Storey Terraced |
LORONG MEKAR 5
|
RM 560,000
|
RM 520.00
|
1,076 sqft
|
Sep 2023
|