Pangsapuri Melur in Seberang Perai Utara, Penang recorded 3 subsale transactions in 2022, with a median price of RM278K and a median price per square foot (PSF) of RM340.

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 RM278K, with most transactions falling within a stable range of RM258K to RM298K, and a typical market range of RM264K to RM292K.

Most transactions involved condominium/apartment, with minimal variety in property types.

For price per square foot, the median is RM340, with most transactions between RM315 and RM365. The usual range is RM322.58 to RM357.08, showing that most units are priced quite close to each other. A typical spread (IQR) of RM34.50 and an average deviation (MAD) of RM25 indicate a highly stable PSF trend across properties.

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.