Penang
Seberang Perai Selatan
14
TAMAN MERAK JAYA

TAMAN MERAK JAYA

Area Intelligence

2021

Median Price

RM 255,000

PSF: RM 213

Facebook X (Twitter)

Residential PSF Trends

Median Price

RM 255,000

PSF: RM 213

Commercial PSF Trends

Median Price

RM 625,000

RM 325 PSF

TAMAN MERAK JAYA in Seberang Perai Selatan, Penang recorded 5 subsale transactions in 2021, with a median price of RM 255K and a median price per square foot (PSF) of RM 213.

This area contains both residential and commercial properties. View 78 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 255K, with most transactions falling within a stable range of RM 148K to RM 285K, and a typical market range of RM 139K to RM 285K.

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

Price per square foot shows a median of RM 213, though individual units vary from RM 149 to RM 277 in the core range. The broader market spans RM 168.00 to RM 258.00, indicating diverse property characteristics. A wider spread (IQR: RM 90.00) and deviation (MAD: RM 64) indicate significant PSF variations, likely due to diverse property types or conditions.

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.

Loading map...

TAMAN MERAK JAYA, Seberang Perai Selatan, Penang

OSM

Track location

Transactions

5 transactions found

Popular Ranges

Under RM 300k RM 300k - 500k RM 500k - 750k RM 750k - 1M RM 1M - 2M RM 2M+

Custom Range

Min Price (RM)

Max Price (RM)

Clear

Size Range (sqft)

Popular Ranges

Under 1,000 sqft 1,000 - 2,000 sqft 2,000 - 3,000 sqft 3,000 - 5,000 sqft 5,000 - 10,000 sqft 10,000+ sqft

Custom Range

Min Size (sqft)

Max Size (sqft)

Clear

RM 285,000

LORONG MERAK 64

1,195 sqft • RM 239.00 PSF

Nov 2021

RM 285,000

LORONG MERAK JAYA 53

1,141 sqft • RM 250.00 PSF

Oct 2021

RM 255,000

LORONGK MERAK JAYA 4

1,195 sqft • RM 213.00 PSF

Oct 2021

RM 50,000

Level 3

538 sqft • RM 93.00 PSF

May 2021

RM 66,000

Level 1

538 sqft • RM 123.00 PSF

Mar 2021

Road	Price	Land PSF	Land	Date	Type
LORONG MERAK 64	RM 285,000	RM 239.00	1,195 sqft	Nov 2021	Single Storey Terraced
LORONG MERAK JAYA 53	RM 285,000	RM 250.00	1,141 sqft	Oct 2021	Single Storey Terraced
LORONGK MERAK JAYA 4	RM 255,000	RM 213.00	1,195 sqft	Oct 2021	Single Storey Terraced
Level 3	RM 50,000	RM 93.00	538 sqft	May 2021	Low-Cost Flat
Level 1	RM 66,000	RM 123.00	538 sqft	Mar 2021	Low-Cost Flat