Area Intelligence

TAMAN MEKAR SARI

7 properties
2024
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Median Price
RM 583,000
PSF: RM 223

Residential Market

Median Price

RM 583,000

IQR: RM 171
MAD: RM 50
RM 223 PSF 17.1%

PSF Trends (2021-2025)

PROPERTY TYPES OVERVIEW

TAMAN MEKAR SARI in Seberang Perai Utara, Penang recorded 7 subsale transactions in 2024, with a median price of RM 583K and a median price per square foot (PSF) of RM 223.

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 583K, with most transactions falling within a stable range of RM 494K to RM 672K, and a typical market range of RM 527K to RM 639K.

Most transactions involved 2 - 2 1/2 storey terraced, with high diversity across multiple property types.

Price per square foot shows a median of RM 223, though individual units vary from RM 139 to RM 307 in the core range. The broader market spans RM 145.63 to RM 300.38, indicating diverse property characteristics. A wider spread (IQR: RM 154.75) and deviation (MAD: RM 84) 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. Despite diverse property types, prices remain relatively stable, offering options for different buyer preferences. Limited transaction history suggests carefully evaluating comparable sales data.

Area Location

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TAMAN MEKAR SARI, Seberang Perai Utara, Penang

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Transactions

7 properties grouped by size

1,600 sqft
1 units Double Storey Terraced
RM 583,000
JLN MEKAR SARI
1,582 sqft · RM 368.00 PSF
Feb 2024
1,700 sqft
1 units Double Storey Terraced
RM 639,000
LORONG MEKAR SARI 4
1,690 sqft · RM 378.00 PSF
Oct 2024
2,450 sqft
1 units Double Storey Terraced
RM 721,000
LORONG MEKAR SARI 4
2,465 sqft · RM 293.00 PSF
Feb 2024
2,650 sqft
3 units Single Storey Semi-D
RM 590,000
LORONG MEKAR SARI 7
2,648 sqft · RM 223.00 PSF
Oct 2024
RM 450,000
LORONG MEKAR SARI 7
2,637 sqft · RM 171.00 PSF
May 2024
RM 550,000
LORONG MEKAR SARI 7
2,648 sqft · RM 208.00 PSF
Mar 2024
2,900 sqft
1 units Detached
RM 460,000
LORONG MEKAR SARI 6
2,885 sqft · RM 159.00 PSF
Aug 2024