TAMAN MERAK

Area Intelligence

2023

Median Price

RM 290,000

PSF: RM 280

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Residential PSF Trends

Median Price

RM 290,000

PSF: RM 280

Commercial PSF Trends

Median Price

RM 320,000

RM 268 PSF

TAMAN MERAK in Seberang Perai Selatan, Penang recorded 36 subsale transactions in 2023, with a median price of RM 290K and a median price per square foot (PSF) of RM 280.

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 290K, with most transactions falling within a stable range of RM 228K to RM 300K, and a typical market range of RM 253K to RM 300K.

Most transactions involved 1 - 1 1/2 storey terraced, with high diversity across multiple property types.

The median PSF stands at RM 280, with core pricing between RM 231 and RM 329. Market pricing typically extends from RM 236.50 to RM 323.50, reflecting moderate variation in unit pricing. The spread of RM 87.00 (IQR) and deviation of RM 49 (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.

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TAMAN MERAK, Seberang Perai Selatan, Penang

OSM

Track location

Transactions

24 transactions found

Popular Ranges

Under RM 300k RM 300k - 500k RM 500k - 750k RM 750k - 1M RM 1M - 2M RM 2M+

Custom Range

Min Price (RM)

Max Price (RM)

Clear

Size Range (sqft)

Popular Ranges

Under 1,000 sqft 1,000 - 2,000 sqft 2,000 - 3,000 sqft 3,000 - 5,000 sqft 5,000 - 10,000 sqft 10,000+ sqft

Custom Range

Min Size (sqft)

Max Size (sqft)

Clear

RM 290,000

LORONG MERAK 24

1,044 sqft • RM 278.00 PSF

Dec 2023

RM 300,000

LORONG MERAK 12

1,001 sqft • RM 300.00 PSF

Nov 2023

RM 300,000

LORONG MERAK 23

1,001 sqft • RM 300.00 PSF

Oct 2023

RM 250,000

LORONG MERAK 4

1,001 sqft • RM 250.00 PSF

Oct 2023

RM 53,000

Level 4

538 sqft • RM 98.00 PSF

Oct 2023

RM 275,000

LORONG MERAK 6

1,001 sqft • RM 275.00 PSF

Oct 2023

RM 290,000

LORONG MERAK 65

1,195 sqft • RM 243.00 PSF

Oct 2023

RM 280,000

LORONG MERAK 25

1,001 sqft • RM 280.00 PSF

Oct 2023

RM 290,000

JALAN MERAK 4

1,033 sqft • RM 281.00 PSF

Aug 2023

RM 80,000

Level 2

538 sqft • RM 149.00 PSF

Aug 2023

RM 230,000

LORONG MERAK 65

1,195 sqft • RM 193.00 PSF

Aug 2023

RM 299,000

LORONG MERAK 25

1,001 sqft • RM 299.00 PSF

Jul 2023

RM 270,000

LORONG MERAK 23

1,001 sqft • RM 270.00 PSF

Jul 2023

RM 290,000

LORONG MERAK 23

1,001 sqft • RM 290.00 PSF

Jun 2023

RM 260,000

LORONG MERAK 5

1,001 sqft • RM 260.00 PSF

Jun 2023

RM 259,000

LORONG MERAK 40

1,001 sqft • RM 259.00 PSF

May 2023

RM 300,000

LORONG MERAK 11

1,001 sqft • RM 300.00 PSF

May 2023

RM 273,000

LORONG MERAK 1

1,012 sqft • RM 270.00 PSF

May 2023

RM 250,000

LORONG MERAK 6

1,001 sqft • RM 250.00 PSF

Apr 2023

RM 280,000

LORONG. MERAK 47

1,001 sqft • RM 280.00 PSF

Apr 2023

RM 250,000

LORONG MERAK 21

1,012 sqft • RM 247.00 PSF

Mar 2023

RM 200,000

LORONG MERAK 47

1,001 sqft • RM 200.00 PSF

Mar 2023

RM 280,000

JALAN MERAK 2

1,206 sqft • RM 232.00 PSF

Feb 2023

RM 280,000

LORONG. MERAK 2

990 sqft • RM 283.00 PSF

Jan 2023

Road	Price	Land PSF	Land	Date	Type
LORONG MERAK 24	RM 290,000	RM 278.00	1,044 sqft	Dec 2023	Low-Cost House
LORONG MERAK 12	RM 300,000	RM 300.00	1,001 sqft	Nov 2023	Single Storey Terraced
LORONG MERAK 23	RM 300,000	RM 300.00	1,001 sqft	Oct 2023	Low-Cost House
LORONG MERAK 4	RM 250,000	RM 250.00	1,001 sqft	Oct 2023	Low-Cost House
Level 4	RM 53,000	RM 98.00	538 sqft	Oct 2023	Low-Cost Flat
LORONG MERAK 6	RM 275,000	RM 275.00	1,001 sqft	Oct 2023	Single Storey Terraced
LORONG MERAK 65	RM 290,000	RM 243.00	1,195 sqft	Oct 2023	Double Storey Shop
LORONG MERAK 25	RM 280,000	RM 280.00	1,001 sqft	Oct 2023	Single Storey Terraced
JALAN MERAK 4	RM 290,000	RM 281.00	1,033 sqft	Aug 2023	Single Storey Terraced
Level 2	RM 80,000	RM 149.00	538 sqft	Aug 2023	Low-Cost Flat
LORONG MERAK 65	RM 230,000	RM 193.00	1,195 sqft	Aug 2023	Double Storey Shop
LORONG MERAK 25	RM 299,000	RM 299.00	1,001 sqft	Jul 2023	Single Storey Terraced
LORONG MERAK 23	RM 270,000	RM 270.00	1,001 sqft	Jul 2023	Low-Cost House
LORONG MERAK 23	RM 290,000	RM 290.00	1,001 sqft	Jun 2023	Single Storey Terraced
LORONG MERAK 5	RM 260,000	RM 260.00	1,001 sqft	Jun 2023	Single Storey Terraced
LORONG MERAK 40	RM 259,000	RM 259.00	1,001 sqft	May 2023	Single Storey Terraced
LORONG MERAK 11	RM 300,000	RM 300.00	1,001 sqft	May 2023	Single Storey Terraced
LORONG MERAK 1	RM 273,000	RM 270.00	1,012 sqft	May 2023	Single Storey Terraced
LORONG MERAK 6	RM 250,000	RM 250.00	1,001 sqft	Apr 2023	Single Storey Terraced
LORONG. MERAK 47	RM 280,000	RM 280.00	1,001 sqft	Apr 2023	Low-Cost House
LORONG MERAK 21	RM 250,000	RM 247.00	1,012 sqft	Mar 2023	Low-Cost House
LORONG MERAK 47	RM 200,000	RM 200.00	1,001 sqft	Mar 2023	Low-Cost House
JALAN MERAK 2	RM 280,000	RM 232.00	1,206 sqft	Feb 2023	Single Storey Shop
LORONG. MERAK 2	RM 280,000	RM 283.00	990 sqft	Jan 2023	Low-Cost House