TAMAN MERAK

TAMAN MERAK in Seberang Perai Selatan, Penang recorded 12 Double Storey Shop properties subsale transactions between 2021 and 2025 for double storey shop properties, with a median price of RM 385K and a median price per square foot (PSF) of RM 237.

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 385K, with most transactions falling within a stable range of RM 242K to RM 528K, and a typical market range of RM 348K to RM 423K.

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

Price per square foot shows a median of RM 237, though individual units vary from RM 125 to RM 348 in the core range. The broader market spans RM 193.00 to RM 280.00, indicating diverse property characteristics. A wider spread (IQR: RM 87.00) and deviation (MAD: RM 112) indicate significant PSF variations, likely due to diverse property types or conditions.

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. Limited transaction history suggests carefully evaluating comparable sales data.