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. The median price is RM 350K, with most transactions falling within a stable range of RM 200K to RM 500K, and a typical market range of RM 249K to RM 451K.

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

Price per square foot shows a median of RM 310, though individual units vary from RM 202 to RM 418 in the core range. The broader market spans RM 252.50 to RM 367.50, indicating diverse property characteristics. A wider spread (IQR: RM 115.00) and deviation (MAD: RM 108) indicate significant PSF variations, likely due to diverse property types or conditions.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Significant price variations suggest comparing multiple properties and timing the market carefully. 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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