Residensi Merbok

Jalan 1, 14300 Nibong Tebal, Pulau Pinang, Malaysia

Property Transactions

3 subsales grouped by size

Median
RM 950,000
PSF
RM 271
Price Size
Period
transactions middle 50% (P25–P75)
2,800 sqft
Semi-D
RM 840,000
Jalan Residensi Merbok 1
2,799 sqft · RM 300 PSF
3,500 sqft
Semi-D
RM 950,000
Jalan Residensi Merbok 1
3,509 sqft · RM 271 PSF
10,100 sqft
Bungalow
RM 2,080,000
Jalan Residensi Merbok 2
10,075 sqft · RM 206 PSF
Legend Recent Highest Price Highest PSF

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Market Snapshot

Residential

RM 950,000

RM 271 psf

Median transaction price

Residensi Merbok
© OpenStreetMap · CARTO

Jalan 1, 14300 Nibong Tebal, Pulau Pinang, Malaysia

Maps

Residensi Merbok in Seberang Perai Selatan, Penang recorded 3 subsale transactions in 2022, with a median price of RM 950K and a median price per square foot (PSF) of RM 271.

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 950K, with most transactions falling within a stable range of RM 840K to RM 1.51 million, and a typical market range of RM 916K to RM 984K.

Most transactions involved 2 - 2 1/2 storey semi-detached, with moderate diversity in property types available.

The median PSF stands at RM 271, with core pricing between RM 232 and RM 310. Market pricing typically extends from RM 263.73 to RM 277.73, reflecting moderate variation in unit pricing. With an IQR of RM 14.00 and MAD of RM 39, the PSF demonstrates reasonable consistency across the market.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.