TAMAN MERAK JAYA in Seberang Perai Selatan, Penang recorded 12 subsale transactions in 2022, with a median price of RM 68K and a median price per square foot (PSF) of RM 126.
This area contains both residential and commercial properties. View 78 residential properties or 2 commercial properties separately for more focused analysis.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 68K, with most transactions falling within a stable range of RM 53K to RM 82K, and a typical market range of RM 40K to RM 89K.
Most transactions involved low-cost flat, with moderate diversity in property types available.
Price per square foot shows a median of RM 126, though individual units vary from RM 99 to RM 152 in the core range. The broader market spans RM 80.50 to RM 170.50, indicating diverse property characteristics. The spread of RM 90.00 (IQR) and deviation of RM 27 (MAD) suggest moderate price variations reflecting different property features.
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.
