TAMAN MERAK

Area Intelligence
2022
Median Price
RM 257,500
PSF: RM 230

Residential PSF Trends

Median Price

RM 250,000

PSF: RM 233

Commercial PSF Trends

Median Price

RM 275,000

RM 213 PSF

TAMAN 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.

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TAMAN MERAK, Seberang Perai Selatan, Penang

OSM

Track location

Transactions

36 transactions found

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

No Properties For Sale

There are currently no properties listed for sale in this area.

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