TAMAN MERAK

Area Intelligence

2021

Median Price

RM 290,000

PSF: RM 258

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Residential PSF Trends

Median Price

RM 290,000

PSF: RM 258

Commercial PSF Trends

Median Price

RM 350,000

RM 232 PSF

TAMAN MERAK in Seberang Perai Selatan, Penang recorded 8 subsale transactions in 2021, with a median price of RM 290K and a median price per square foot (PSF) of RM 258.

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 236K to RM 344K, 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.

Price per square foot shows a median of RM 258, though individual units vary from RM 194 to RM 321 in the core range. The broader market spans RM 214.00 to RM 301.00, indicating diverse property characteristics. The spread of RM 87.00 (IQR) and deviation of RM 63 (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. Limited transaction history suggests carefully evaluating comparable sales data.

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TAMAN MERAK, Seberang Perai Selatan, Penang

OSM

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Transactions

8 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)

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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

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Max Size (sqft)

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RM 220,000

LORONG MERAK 1

1,001 sqft • RM 220.00 PSF

Dec 2021

RM 250,000

LORONG MERAK 1

1,012 sqft • RM 247.00 PSF

Dec 2021

RM 180,000

LORONG MERAK 2

1,507 sqft • RM 119.00 PSF

Dec 2021

RM 310,000

LORONG MERAK 17

1,001 sqft • RM 310.00 PSF

Dec 2021

RM 300,000

LORONG 27

1,098 sqft • RM 273.00 PSF

Dec 2021

RM 310,000

LORONG MERAK 17

1,001 sqft • RM 310.00 PSF

Dec 2021

RM 280,000

LORONG MERAK 39

1,044 sqft • RM 268.00 PSF

Dec 2021

RM 360,000

LORONG MERAK 27

2,131 sqft • RM 169.00 PSF

Oct 2021

Road	Price	Land PSF	Land	Date	Type
LORONG MERAK 1	RM 220,000	RM 220.00	1,001 sqft	Dec 2021	Single Storey Terraced
LORONG MERAK 1	RM 250,000	RM 247.00	1,012 sqft	Dec 2021	Single Storey Terraced
LORONG MERAK 2	RM 180,000	RM 119.00	1,507 sqft	Dec 2021	Single Storey Terraced
LORONG MERAK 17	RM 310,000	RM 310.00	1,001 sqft	Dec 2021	Single Storey Terraced
LORONG 27	RM 300,000	RM 273.00	1,098 sqft	Dec 2021	Low-Cost House
LORONG MERAK 17	RM 310,000	RM 310.00	1,001 sqft	Dec 2021	Low-Cost House
LORONG MERAK 39	RM 280,000	RM 268.00	1,044 sqft	Dec 2021	Low-Cost House
LORONG MERAK 27	RM 360,000	RM 169.00	2,131 sqft	Oct 2021	Single Storey Terraced