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 254K to RM 326K, and a typical market range of RM 253K to RM 328K.
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 240 and RM 320. Market pricing typically extends from RM 236.50 to RM 323.50, reflecting moderate variation in unit pricing. With an IQR of RM 87.00 and MAD of RM 40, the PSF demonstrates reasonable consistency across the market.
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.
