Area Intelligence

TMN MERAK

36 properties
2022
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Median Price
RM 257,500
PSF: RM 230

Residential Market

Median Price

RM 250,000

IQR: RM 80
MAD: RM 40
RM 233 PSF 3.0%

PSF Trends (2021-2025)

Commercial Market

Median Price

RM 275,000

IQR: RM 157
MAD: RM 45
RM 213 PSF 17.8%

PSF Trends (2021-2025)

TMN MERAK in Seberang Perai Selatan, Penang recorded 36 subsale transactions in 2022, with a median price of RM 258K and a median price per square foot (PSF) of RM 230.

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 258K, with most transactions falling within a stable range of RM 160K to RM 367K, and a typical market range of RM 220K to RM 295K.

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 230, though individual units vary from RM 141 to RM 319 in the core range. The broader market spans RM 186.50 to RM 273.50, indicating diverse property characteristics. A wider spread (IQR: RM 87.00) and deviation (MAD: RM 89) 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. Some price volatility exists, making thorough market research essential before transacting. Moderate transaction volume may require patience when buying or selling.

Area Location

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TMN MERAK, Seberang Perai Selatan, Penang

OSM

Transactions

36 properties found

Single Storey Terraced LORONG MERAK 6
RM 225,000
1,001 sqft Nov 2022
RM 225.00 PSF
Low-Cost House LORONG MERAK 16
RM 180,000
2,357 sqft Nov 2022
RM 76.00 PSF
Single Storey Terraced LORONG MERAK 7
RM 244,000
1,001 sqft Nov 2022
RM 244.00 PSF
Single Storey Terraced LORONG MERAK 37
RM 224,000
1,001 sqft Nov 2022
RM 224.00 PSF
Low-Cost House LORONG MERAK 42
RM 180,000
1,001 sqft Oct 2022
RM 180.00 PSF
Double Storey Shop LORONG MERAK 65
RM 255,000
1,195 sqft Oct 2022
RM 213.00 PSF
Low-Cost House LORONG MERAK 25
RM 233,000
1,001 sqft Sep 2022
RM 233.00 PSF
Single Storey Terraced LORONG MERAK 42
RM 260,000
1,001 sqft Sep 2022
RM 260.00 PSF
Low-Cost House LORONG MERAK 4
RM 240,000
2,110 sqft Aug 2022
RM 114.00 PSF
Single Storey Terraced LORONG MERAK 6
RM 280,000
1,001 sqft Aug 2022
RM 280.00 PSF
Low-Cost House LORONG MERAK 2
RM 250,000
2,476 sqft Aug 2022
RM 101.00 PSF
Double Storey Shop JALAN KENDI
RM 600,000
1,195 sqft Aug 2022
RM 502.00 PSF
Single Storey Terraced LORONG MERAK 32
RM 200,000
1,001 sqft Aug 2022
RM 200.00 PSF
Single Storey Terraced LRG. MERAK 42
RM 230,000
1,001 sqft Aug 2022
RM 230.00 PSF
Single Storey Terraced JALAN MERAK 1
RM 250,000
1,001 sqft Jul 2022
RM 250.00 PSF
Single Storey Terraced LORONG MERAK 35
RM 260,000
1,001 sqft Jul 2022
RM 260.00 PSF
Single Storey Terraced LORONG MERAK 5
RM 300,000
1,507 sqft Jul 2022
RM 199.00 PSF
Single Storey Terraced LRG MERAK 60
RM 230,000
1,098 sqft Jun 2022
RM 209.00 PSF
Single Storey Terraced LORONG MERAK 9
RM 280,000
1,001 sqft Jun 2022
RM 280.00 PSF
Single Storey Shop JLN MERAK 2
RM 240,000
1,195 sqft May 2022
RM 201.00 PSF
Double Storey Terraced LRG KENDI 4
RM 422,000
1,195 sqft May 2022
RM 353.00 PSF
Single Storey Terraced LORONG MERAK 34
RM 220,000
1,001 sqft May 2022
RM 220.00 PSF
Double Storey Shop LORONG SIMPANG AMPAT 1
RM 420,000
2,045 sqft Apr 2022
RM 205.00 PSF
Double Storey Terraced LORONG KENDI 6
RM 465,000
1,195 sqft Apr 2022
RM 389.00 PSF
Single Storey Terraced LORONG MERAK 9
RM 240,000
1,001 sqft Apr 2022
RM 240.00 PSF
Single Storey Terraced LORONG MERAK 6
RM 285,000
1,001 sqft Apr 2022
RM 285.00 PSF
Single Storey Terraced LORONG MERAK 37
RM 250,000
1,001 sqft Apr 2022
RM 250.00 PSF
Single Storey Terraced LRG. MERAK 37
RM 270,000
1,001 sqft Mar 2022
RM 270.00 PSF
Double Storey Shop JALAN KENDI
RM 700,000
1,399 sqft Feb 2022
RM 500.00 PSF
Single Storey Terraced LORONG MERAK 24
RM 270,000
1,668 sqft Feb 2022
RM 162.00 PSF
Low-Cost House LORONG MERAK 16
RM 160,000
1,001 sqft Feb 2022
RM 160.00 PSF
Single Storey Terraced LRG. MERAK 30
RM 290,000
1,658 sqft Feb 2022
RM 175.00 PSF
Double Storey Shop LORONG MERAK 65
RM 275,000
1,195 sqft Jan 2022
RM 230.00 PSF
Double Storey Shop LORONG SIMPANG AMPAT 1
RM 272,000
1,528 sqft Jan 2022
RM 178.00 PSF
Double Storey Terraced LORONG KENDI 6
RM 390,000
1,195 sqft Jan 2022
RM 326.00 PSF
Single Storey Terraced LORONG MERAK 6
RM 280,000
1,001 sqft Jan 2022
RM 280.00 PSF