Taman Merak Jaya

Taman Merak Jaya in Seberang Perai Selatan, Penang recorded 4 subsale transactions between 2021 and 2026, with a median price of RM 238K and a median price per square foot (PSF) of RM 220.

This area contains both residential and commercial properties. View 82 residential properties or 2 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 238K, with most transactions falling within a stable range of RM 90K to RM 386K, and a typical market range of RM 121K to RM 355K.

Most transactions involved low-cost flat, with moderate diversity in property types available.

The median PSF stands at RM 220, with core pricing between RM 182 and RM 257. Market pricing typically extends from RM 174.50 to RM 264.50, reflecting moderate variation in unit pricing. The spread of RM 90.00 (IQR) and deviation of RM 38 (MAD) suggest moderate price variations reflecting different property features.

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.