TAMAN MERAK

TAMAN MERAK in Seberang Perai Selatan, Penang recorded 61 Single Storey Terraced properties subsale transactions between 2021 and 2025 for single storey terraced properties, with a median price of RM 280K and a median price per square foot (PSF) of RM 270.

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 280K, with most transactions falling within a stable range of RM 237K to RM 323K, and a typical market range of RM 243K to RM 318K.

Within the Single Storey Terraced category, 1 - 1 1/2 storey terraced dominated the market, with high diversity across multiple property types.

The median PSF stands at RM 270, with core pricing between RM 221 and RM 319. Market pricing typically extends from RM 226.50 to RM 313.50, reflecting moderate variation in unit pricing. The spread of RM 87.00 (IQR) and deviation of RM 49 (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.