TAMAN MERAK JAYA

Area Intelligence
2022
Median Price
RM 277,500
PSF: RM 192

Residential PSF Trends

Median Price

RM 277,500

PSF: RM 192

Commercial PSF Trends

Median Price

RM 625,000

RM 325 PSF

TAMAN MERAK JAYA in Seberang Perai Selatan, Penang recorded 10 subsale transactions in 2022, with a median price of RM 278K and a median price per square foot (PSF) of RM 192.

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 278K, with most transactions falling within a stable range of RM 233K to RM 322K, and a typical market range of RM 210K to RM 350K.

Most transactions involved low-cost flat, with moderate diversity in property types available.

The median PSF stands at RM 192, with core pricing between RM 153 and RM 230. Market pricing typically extends from RM 146.50 to RM 236.50, reflecting moderate variation in unit pricing. The spread of RM 90.00 (IQR) and deviation of RM 38 (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.

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TAMAN MERAK JAYA, Seberang Perai Selatan, Penang

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Transactions

10 transactions grouped by size

1,100 sqft
Single Storey Terraced
RM 250,000
LORONG MERAK 60
1,098 sqft · RM 228 PSF
RM 260,000
LORONG MERAK 49
1,098 sqft · RM 237 PSF
1,200 sqft
Single Storey Terraced
RM 210,000
LORONG MERAK JAYA 3
1,195 sqft · RM 176 PSF
RM 250,000
LORONG MERAK JAYA 59
1,195 sqft · RM 209 PSF
1,300 sqft
Single Storey Terraced
RM 270,000
LORONG MERAK JAYA 54
1,302 sqft · RM 207 PSF
1,450 sqft
Single Storey Terraced
RM 330,000
JALAN MERAK 5
1,453 sqft · RM 227 PSF
1,650 sqft
Single Storey Terraced
RM 285,000
JALAN MERAK 5
1,658 sqft · RM 172 PSF
1,800 sqft
Single Storey Terraced
RM 300,000
LORONG MERAK JAYA 59
1,798 sqft · RM 167 PSF
2,600 sqft
Single Storey Terraced
RM 350,000
LORONG MERAK JAYA 4
2,594 sqft · RM 135 PSF
2,900 sqft
Single Storey Terraced
RM 350,000
LORONG MERAK JAYA 3
2,895 sqft · RM 121 PSF

No Properties For Sale

There are currently no properties listed for sale in this area.

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