TAMAN MERAK in Seberang Perai Selatan, Penang recorded 28 subsale transactions in 2024, with a median price of RM 298K and a median price per square foot (PSF) of RM 281.
This area contains both residential and commercial properties. View 94 residential properties or 15 commercial properties separately for more focused analysis.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 298K, with most transactions falling within a stable range of RM 300K to RM 356K, and a typical market range of RM 300K to RM 335K.
Most transactions involved 1 - 1 1/2 storey terraced, with high diversity across multiple property types.
Price per square foot shows a median of RM 281, though individual units vary from RM 222 to RM 340 in the core range. The broader market spans RM 237.50 to RM 324.50, indicating diverse property characteristics. The spread of RM 87.00 (IQR) and deviation of RM 59 (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. Moderate transaction volume may require patience when buying or selling.
