RESIDENSI MERBOK in Seberang Perai Selatan, Penang recorded 43 subsale transactions in 2024, with a median price of RM 964K and a median price per square foot (PSF) of RM 274.
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 964K, with most transactions falling within a stable range of RM 929K to RM 999K, and a typical market range of RM 929K to RM 999K.
Most transactions involved 2 - 2 1/2 storey semi-detached, with moderate diversity in property types available.
For price per square foot, the median is RM 274, with most transactions between RM 268 and RM 281. The usual range is RM 266.88 to RM 281.13, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 14.25 and an average deviation (MAD) of RM 7 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. Despite diverse property types, prices remain relatively stable, offering options for different buyer preferences. Moderate transaction volume may require patience when buying or selling.
