TAMAN MERAK

Area Intelligence

2023

Median Price

RM 395,000

PSF: RM 182

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Residential PSF Trends

Median Price

RM 395,000

PSF: RM 182

Commercial PSF Trends

Median Price

RM 350,000

RM 232 PSF

TAMAN MERAK in Seberang Perai Selatan, Penang recorded 1 subsale transactions in 2023, with a median price of RM 395K and a median price per square foot (PSF) of RM 182.

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.

Most transactions involved 1 - 1 1/2 storey terraced, with high diversity across multiple property types.

For price per square foot, the median is RM 182, with most transactions between RM 182 and RM 182. The usual range is RM 138.50 to RM 225.50, showing that most units are priced quite close to each other. With an IQR of RM 87.00 and MAD of RM 0, 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. Despite diverse property types, prices remain relatively stable, offering options for different buyer preferences. Limited transaction history suggests carefully evaluating comparable sales data.

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TAMAN MERAK, Seberang Perai Selatan, Penang

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