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 222K to RM 294K, 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.
The median PSF stands at RM 230, with core pricing between RM 190 and RM 270. Market pricing typically extends from RM 186.50 to RM 273.50, reflecting moderate variation in unit pricing. The spread of RM 87.00 (IQR) and deviation of RM 40 (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.
