BandingHouse

Taman Mewah

Seberang Perai Utara, Penang · High-rise (condo, apartment, flat) · Freehold

Homes in Taman Mewah have sold for a median of

RM165,000

RM212 psf on the recorded floor area

RM145,000median RM165,000RM175,000

Half of the 34 recorded sales fell between RM145,000 and RM175,000. One in ten went under RM130,000, one in ten over RM190,000. Sales run from 19 November 2021 to 3 October 2025.

Up 16% from a RM147,500 median in 2022 to RM171,500 in 2024.

These are transacted prices from the land-office record, not asking prices from ads. An ad’s number is a wish; this is the record. What high-rise (condo, apartment, flat) sell for across Penang, beside what ads ask.

How to read this page

The median is the middle sale when every recorded sale here is lined up cheapest to dearest — half sold for less, half for more. The band (p25–p75) is the middle half of those sales. Neither figure is an asking price from an ad, and neither is a valuation of a specific unit. Asking vs transacted.

What kind of home, and what title

The land office groups these sales as high-rise (condo, apartment, flat) under a Freehold title. High-rise parcels are usually strata: you own the parcel plus a share of the common parts, and price per square foot is how buyers compare units of different sizes. Monthly charges and the sinking fund sit on top of the purchase price — see maintenance fee and sinking fund.

Year by year

YearMedian soldPer sq ftSales
2021RM160,000RM212 psf2
2022RM147,500RM196 psf10
2023RM170,000RM219 psf9
2024RM171,500RM217 psf10
2025RM175,000RM232 psf3

A year with only a handful of sales is a handful of sales, not a trend — the movement above is drawn only between years with five or more.

Nearby, and where this one sits

Other high-rise (condo, apartment, flat) schemes in Seberang Perai Utara with enough recorded sales, cheapest first. By median sold price, Taman Mewah sits 9 of 29 in that set.

Against Penang

Across Penang, the median recorded sale for high-rise (condo, apartment, flat) is RM300,000 (RM391 psf), from 5,184 sales. Taman Mewah’s own median is RM165,000 — lower than that state median. Full Penang table.

Cash and monthly on the RM165,000 median

Same worksheet as /cost/, using this scheme’s recorded median, 90% LTV, and the illustrative rate. Not a bank quote.

Cash at offer

  • Down payment (10%): RM16,500
  • Transfer duty (MOT): RM2,300
  • Loan duty (0.5%): RM743
  • Total cash: RM19,543
  • Qualifying first home: RM16,500 (duties exempt)

Monthly carry

  • Instalment (35y @ 4.00%): RM658
  • Total monthly: RM658

4.00% p.a. illustrative (rough SBR + bank margin); not a bank quote

Adjust these numbers

Questions this record answers

What have homes in Taman Mewah sold for?
A median of RM165,000 (RM212 psf), from 34 land-office transactions between 19 November 2021 and 3 October 2025.
What is a typical band here?
Half of recorded sales fell between RM145,000 and RM175,000. One in ten went under RM130,000; one in ten over RM190,000.
Has the median moved?
From RM147,500 in 2022 to RM171,500 in 2024 (+16%), using only years with five or more sales.

Read next

From NAPIC’s open transaction data (Jabatan Penilaian dan Perkhidmatan Harta), extract published 19 May 2026. A scheme appears only with at least 20recorded sales. Scheme names are the land office’s own. How we work this out.