TAMAN MERAK in Seberang Perai Selatan, Penang recorded 5 subsale transactions in 2024, with a median price of RM 60K and a median price per square foot (PSF) of RM 111.
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 60K, with most transactions falling within a stable range of RM 24K to RM 96K, and a typical market range of RM 23K to RM 98K.
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 111, though individual units vary from RM 71 to RM 151 in the core range. The broader market spans RM 67.50 to RM 154.50, indicating diverse property characteristics. A wider spread (IQR: RM 87.00) and deviation (MAD: RM 40) 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. Limited transaction history suggests carefully evaluating comparable sales data.
