Penang
Seberang Perai Selatan
14
PUSAT PERNIAGAAN TAMAN MERAK

PUSAT PERNIAGAAN TAMAN MERAK

Area Intelligence

2024

Median Price

RM 350,000

PSF: RM 310

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Commercial PSF Trends

Median Price

RM 350,000

RM 310 PSF

PUSAT PERNIAGAAN TAMAN MERAK in Seberang Perai Selatan, Penang recorded 1 subsale transactions in 2024, with a median price of RM 350K and a median price per square foot (PSF) of RM 310.

This area consists exclusively of commercial properties, with no residential listings recorded.

Price remained flat, and PSF growth was PSF remained flat.

Most transactions involved 2 - 2 1/2 storey shop, with minimal variety in property types.

For price per square foot, the median is RM 310, with most transactions between RM 310 and RM 310. The usual range is RM 252.50 to RM 367.50, showing that most units are priced quite close to each other. With an IQR of RM 115.00 and MAD of RM 0, the PSF demonstrates reasonable consistency across the market.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.

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PUSAT PERNIAGAAN TAMAN MERAK, Seberang Perai Selatan, Penang

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