PUSAT PERNIAGAAN TAMAN MERAK

PUSAT PERNIAGAAN TAMAN MERAK in Seberang Perai Selatan, Penang recorded 2 subsale transactions in 2023, with a median price of RM 628K and a median price per square foot (PSF) of RM 479.

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

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 628K, with most transactions falling within a stable range of RM 478K to RM 778K, and a typical market range of RM 526K to RM 729K.

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

Price per square foot shows a median of RM 479, though individual units vary from RM 371 to RM 587 in the core range. The broader market spans RM 421.50 to RM 536.50, indicating diverse property characteristics. The spread of RM 115.00 (IQR) and deviation of RM 108 (MAD) suggest moderate price variations reflecting different property features.

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.