Penang
Seberang Perai Selatan
14
TAMAN MERAK JAYA

TAMAN MERAK JAYA

Area Intelligence

2022

Median Price

RM 89,000

PSF: RM 139

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Residential PSF Trends

Median Price

RM 89,000

PSF: RM 139

Commercial PSF Trends

Median Price

RM 625,000

RM 325 PSF

TAMAN MERAK JAYA in Seberang Perai Selatan, Penang recorded 23 subsale transactions in 2022, with a median price of RM 89K and a median price per square foot (PSF) of RM 139.

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 89K, with most transactions falling within a stable range of RM 40K to RM 260K, and a typical market range of RM 40K to RM 205K.

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

Price per square foot shows a median of RM 139, though individual units vary from RM 87 to RM 191 in the core range. The broader market spans RM 94.00 to RM 184.00, indicating diverse property characteristics. A wider spread (IQR: RM 90.00) and deviation (MAD: RM 52) 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. Moderate transaction volume may require patience when buying or selling.

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TAMAN MERAK JAYA, Seberang Perai Selatan, Penang

OSM

Track location

Transactions

23 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 48,000

Level 4

538 sqft • RM 89.00 PSF

Dec 2022

RM 55,000

Level 1

538 sqft • RM 102.00 PSF

Dec 2022

RM 250,000

LORONG MERAK 60

1,098 sqft • RM 228.00 PSF

Nov 2022

RM 270,000

LORONG MERAK JAYA 54

1,302 sqft • RM 207.00 PSF

Sep 2022

RM 80,000

Level 3

538 sqft • RM 149.00 PSF

Sep 2022

RM 75,000

Level 3

538 sqft • RM 139.00 PSF

Sep 2022

RM 60,000

Level 3

538 sqft • RM 111.00 PSF

Sep 2022

RM 350,000

LORONG MERAK JAYA 3

2,895 sqft • RM 121.00 PSF

Aug 2022

RM 300,000

LORONG MERAK JAYA 59

1,798 sqft • RM 167.00 PSF

Aug 2022

RM 40,000

Level 4

538 sqft • RM 74.00 PSF

Jul 2022

RM 210,000

LORONG MERAK JAYA 3

1,195 sqft • RM 176.00 PSF

Jun 2022

RM 350,000

LORONG MERAK JAYA 4

2,594 sqft • RM 135.00 PSF

Jun 2022

RM 799,000

JALAN PA' BOI

31,973 sqft • RM 25.00 PSF

Jun 2022

RM 285,000

JALAN MERAK 5

1,658 sqft • RM 172.00 PSF

May 2022

RM 65,000

Level 1

538 sqft • RM 121.00 PSF

May 2022

RM 250,000

LORONG MERAK JAYA 59

1,195 sqft • RM 209.00 PSF

May 2022

RM 75,000

Level 3

538 sqft • RM 139.00 PSF

Apr 2022

RM 260,000

LORONG MERAK 49

1,098 sqft • RM 237.00 PSF

Apr 2022

RM 72,000

Level G

538 sqft • RM 134.00 PSF

Mar 2022

RM 47,000

Level 4

538 sqft • RM 87.00 PSF

Mar 2022

RM 330,000

JALAN MERAK 5

1,453 sqft • RM 227.00 PSF

Mar 2022

RM 70,000

Level G

538 sqft • RM 130.00 PSF

Feb 2022

RM 89,000

Level 2

538 sqft • RM 165.00 PSF

Feb 2022

Road	Price	Land PSF	Land	Date	Type
Level 4	RM 48,000	RM 89.00	538 sqft	Dec 2022	Low-Cost Flat
Level 1	RM 55,000	RM 102.00	538 sqft	Dec 2022	Low-Cost Flat
LORONG MERAK 60	RM 250,000	RM 228.00	1,098 sqft	Nov 2022	Single Storey Terraced
LORONG MERAK JAYA 54	RM 270,000	RM 207.00	1,302 sqft	Sep 2022	Single Storey Terraced
Level 3	RM 80,000	RM 149.00	538 sqft	Sep 2022	Low-Cost Flat
Level 3	RM 75,000	RM 139.00	538 sqft	Sep 2022	Low-Cost Flat
Level 3	RM 60,000	RM 111.00	538 sqft	Sep 2022	Low-Cost Flat
LORONG MERAK JAYA 3	RM 350,000	RM 121.00	2,895 sqft	Aug 2022	Single Storey Terraced
LORONG MERAK JAYA 59	RM 300,000	RM 167.00	1,798 sqft	Aug 2022	Single Storey Terraced
Level 4	RM 40,000	RM 74.00	538 sqft	Jul 2022	Low-Cost Flat
LORONG MERAK JAYA 3	RM 210,000	RM 176.00	1,195 sqft	Jun 2022	Single Storey Terraced
LORONG MERAK JAYA 4	RM 350,000	RM 135.00	2,594 sqft	Jun 2022	Single Storey Terraced
JALAN PA' BOI	RM 799,000	RM 25.00	31,973 sqft	Jun 2022	Bungalow
JALAN MERAK 5	RM 285,000	RM 172.00	1,658 sqft	May 2022	Single Storey Terraced
Level 1	RM 65,000	RM 121.00	538 sqft	May 2022	Low-Cost Flat
LORONG MERAK JAYA 59	RM 250,000	RM 209.00	1,195 sqft	May 2022	Single Storey Terraced
Level 3	RM 75,000	RM 139.00	538 sqft	Apr 2022	Low-Cost Flat
LORONG MERAK 49	RM 260,000	RM 237.00	1,098 sqft	Apr 2022	Single Storey Terraced
Level G	RM 72,000	RM 134.00	538 sqft	Mar 2022	Low-Cost Flat
Level 4	RM 47,000	RM 87.00	538 sqft	Mar 2022	Low-Cost Flat
JALAN MERAK 5	RM 330,000	RM 227.00	1,453 sqft	Mar 2022	Single Storey Terraced
Level G	RM 70,000	RM 130.00	538 sqft	Feb 2022	Low-Cost Flat
Level 2	RM 89,000	RM 165.00	538 sqft	Feb 2022	Low-Cost Flat