Area Intelligence

TMN MERAK JAYA

26 properties
2023
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Median Price
RM 180,000
PSF: RM 189

Residential Market

Median Price

RM 180,000

IQR: RM 89
MAD: RM 43
RM 189 PSF 1.5%

PSF Trends (2021-2025)

Commercial Market

Median Price

RM 625,000

IQR: RM 18
MAD: RM 18
RM 325 PSF

PSF Trends (2021-2025)

TMN MERAK JAYA in Seberang Perai Selatan, Penang recorded 26 subsale transactions in 2023, with a median price of RM 180K and a median price per square foot (PSF) of RM 189.

This area contains both residential and commercial properties. View 75 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 180K, with most transactions falling within a stable range of RM 67K to RM 293K, and a typical market range of RM 69K to RM 292K.

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

Price per square foot shows a median of RM 189, though individual units vary from RM 136 to RM 241 in the core range. The broader market spans RM 144.00 to RM 233.00, indicating diverse property characteristics. A wider spread (IQR: RM 89.00) and deviation (MAD: RM 53) 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. Moderate transaction volume may require patience when buying or selling.

Area Location

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TMN MERAK JAYA, Seberang Perai Selatan, Penang

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Transactions

26 properties found

Single Storey Terraced LORONG MERAK JAYA 58
RM 350,000
1,195 sqft Dec 2023
RM 293.00 PSF
Single Storey Terraced JALAN MERAK 5
RM 310,000
1,625 sqft Dec 2023
RM 191.00 PSF
Low-Cost Flat
RM 85,000
538 sqft Dec 2023
RM 158.00 PSF
Low-Cost Flat
RM 100,000
538 sqft Dec 2023
RM 186.00 PSF
Single Storey Terraced LORONG MERAK 52
RM 260,000
1,141 sqft Nov 2023
RM 228.00 PSF
Low-Cost Flat
RM 80,000
538 sqft Nov 2023
RM 149.00 PSF
Low-Cost Flat
RM 77,000
538 sqft Nov 2023
RM 143.00 PSF
Single Storey Terraced LORONG MERAK JAYA 51
RM 250,000
1,098 sqft Nov 2023
RM 228.00 PSF
Single Storey Terraced LORONG MERAK 60
RM 330,000
1,647 sqft Oct 2023
RM 200.00 PSF
Low-Cost Flat
RM 110,000
538 sqft Oct 2023
RM 204.00 PSF
Single Storey Terraced JALAN MERAK 5
RM 300,000
1,636 sqft Oct 2023
RM 183.00 PSF
Low-Cost Flat
RM 87,000
538 sqft Sep 2023
RM 162.00 PSF
Single Storey Terraced LORONG MERAK 62
RM 330,000
1,647 sqft Aug 2023
RM 200.00 PSF
Single Storey Terraced LRG MERAK 49
RM 330,000
1,098 sqft Aug 2023
RM 301.00 PSF
Low-Cost Flat
RM 86,000
538 sqft Aug 2023
RM 160.00 PSF
Low-Cost Flat
RM 50,000
510 sqft May 2023
RM 98.00 PSF
Single Storey Terraced JALAN MERAK 5
RM 300,000
1,550 sqft Apr 2023
RM 194.00 PSF
Low-Cost Flat
RM 65,000
538 sqft Apr 2023
RM 121.00 PSF
Low-Cost Flat
RM 75,000
538 sqft Mar 2023
RM 139.00 PSF
Single Storey Terraced LORONG MERAK 60
RM 280,000
1,098 sqft Mar 2023
RM 255.00 PSF
Low-Cost Flat
RM 80,000
538 sqft Feb 2023
RM 149.00 PSF
Low-Cost Flat
RM 65,000
538 sqft Feb 2023
RM 121.00 PSF
Single Storey Terraced LORONG MERAK JAYA 59
RM 250,000
1,195 sqft Feb 2023
RM 209.00 PSF
Low-Cost Flat
RM 68,000
538 sqft Jan 2023
RM 126.00 PSF
Single Storey Terraced LORONG MERAK 58
RM 325,000
1,195 sqft Jan 2023
RM 272.00 PSF
Single Storey Terraced LORONG MERAK 50
RM 270,000
1,195 sqft Jan 2023
RM 226.00 PSF