Penang
Seberang Perai Selatan
14
TAMAN MERAK JAYA

TAMAN MERAK JAYA

Area Intelligence

2023

Median Price

RM 180,000

PSF: RM 189

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Residential PSF Trends

Median Price

RM 180,000

PSF: RM 189

Commercial PSF Trends

Median Price

RM 625,000

RM 325 PSF

TAMAN MERAK JAYA in Seberang Perai Selatan, Penang recorded 26 subsale transactions in 2023, with a median price of RM 180K and a median price per square foot (PSF) of RM 189.

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 180K, with most transactions falling within a stable range of RM 67K to RM 293K, and a typical market range of RM 64K to RM 296K.

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

Price per square foot shows a median of RM 189, though individual units vary from RM 136 to RM 241 in the core range. The broader market spans RM 143.50 to RM 233.50, indicating diverse property characteristics. A wider spread (IQR: RM 90.00) and deviation (MAD: RM 53) 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

26 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 350,000

LORONG MERAK JAYA 58

1,195 sqft • RM 293.00 PSF

Dec 2023

RM 310,000

JALAN MERAK 5

1,625 sqft • RM 191.00 PSF

Dec 2023

RM 85,000

Level 4

538 sqft • RM 158.00 PSF

Dec 2023

RM 100,000

Level 1

538 sqft • RM 186.00 PSF

Dec 2023

RM 260,000

LORONG MERAK 52

1,141 sqft • RM 228.00 PSF

Nov 2023

RM 80,000

Level 4

538 sqft • RM 149.00 PSF

Nov 2023

RM 77,000

Level 2

538 sqft • RM 143.00 PSF

Nov 2023

RM 250,000

LORONG MERAK JAYA 51

1,098 sqft • RM 228.00 PSF

Nov 2023

RM 330,000

LORONG MERAK 60

1,647 sqft • RM 200.00 PSF

Oct 2023

RM 110,000

Level 4

538 sqft • RM 204.00 PSF

Oct 2023

RM 300,000

JALAN MERAK 5

1,636 sqft • RM 183.00 PSF

Oct 2023

RM 87,000

Level 3

538 sqft • RM 162.00 PSF

Sep 2023

RM 330,000

LORONG MERAK 62

1,647 sqft • RM 200.00 PSF

Aug 2023

RM 330,000

LORONG MERAK 49

1,098 sqft • RM 301.00 PSF

Aug 2023

RM 86,000

Level 2

538 sqft • RM 160.00 PSF

Aug 2023

RM 50,000

Level 4

510 sqft • RM 98.00 PSF

May 2023

RM 300,000

JALAN MERAK 5

1,550 sqft • RM 194.00 PSF

Apr 2023

RM 65,000

Level 1

538 sqft • RM 121.00 PSF

Apr 2023

RM 75,000

Level 3

538 sqft • RM 139.00 PSF

Mar 2023

RM 280,000

LORONG MERAK 60

1,098 sqft • RM 255.00 PSF

Mar 2023

RM 80,000

Level 4

538 sqft • RM 149.00 PSF

Feb 2023

RM 65,000

Level 2

538 sqft • RM 121.00 PSF

Feb 2023

RM 250,000

LORONG MERAK JAYA 59

1,195 sqft • RM 209.00 PSF

Feb 2023

RM 68,000

Level 2

538 sqft • RM 126.00 PSF

Jan 2023

RM 325,000

LORONG MERAK 58

1,195 sqft • RM 272.00 PSF

Jan 2023

RM 270,000

LORONG MERAK 50

1,195 sqft • RM 226.00 PSF

Jan 2023

Road	Price	Land PSF	Land	Date	Type
LORONG MERAK JAYA 58	RM 350,000	RM 293.00	1,195 sqft	Dec 2023	Single Storey Terraced
JALAN MERAK 5	RM 310,000	RM 191.00	1,625 sqft	Dec 2023	Single Storey Terraced
Level 4	RM 85,000	RM 158.00	538 sqft	Dec 2023	Low-Cost Flat
Level 1	RM 100,000	RM 186.00	538 sqft	Dec 2023	Low-Cost Flat
LORONG MERAK 52	RM 260,000	RM 228.00	1,141 sqft	Nov 2023	Single Storey Terraced
Level 4	RM 80,000	RM 149.00	538 sqft	Nov 2023	Low-Cost Flat
Level 2	RM 77,000	RM 143.00	538 sqft	Nov 2023	Low-Cost Flat
LORONG MERAK JAYA 51	RM 250,000	RM 228.00	1,098 sqft	Nov 2023	Single Storey Terraced
LORONG MERAK 60	RM 330,000	RM 200.00	1,647 sqft	Oct 2023	Single Storey Terraced
Level 4	RM 110,000	RM 204.00	538 sqft	Oct 2023	Low-Cost Flat
JALAN MERAK 5	RM 300,000	RM 183.00	1,636 sqft	Oct 2023	Single Storey Terraced
Level 3	RM 87,000	RM 162.00	538 sqft	Sep 2023	Low-Cost Flat
LORONG MERAK 62	RM 330,000	RM 200.00	1,647 sqft	Aug 2023	Single Storey Terraced
LORONG MERAK 49	RM 330,000	RM 301.00	1,098 sqft	Aug 2023	Single Storey Terraced
Level 2	RM 86,000	RM 160.00	538 sqft	Aug 2023	Low-Cost Flat
Level 4	RM 50,000	RM 98.00	510 sqft	May 2023	Low-Cost Flat
JALAN MERAK 5	RM 300,000	RM 194.00	1,550 sqft	Apr 2023	Single Storey Terraced
Level 1	RM 65,000	RM 121.00	538 sqft	Apr 2023	Low-Cost Flat
Level 3	RM 75,000	RM 139.00	538 sqft	Mar 2023	Low-Cost Flat
LORONG MERAK 60	RM 280,000	RM 255.00	1,098 sqft	Mar 2023	Single Storey Terraced
Level 4	RM 80,000	RM 149.00	538 sqft	Feb 2023	Low-Cost Flat
Level 2	RM 65,000	RM 121.00	538 sqft	Feb 2023	Low-Cost Flat
LORONG MERAK JAYA 59	RM 250,000	RM 209.00	1,195 sqft	Feb 2023	Single Storey Terraced
Level 2	RM 68,000	RM 126.00	538 sqft	Jan 2023	Low-Cost Flat
LORONG MERAK 58	RM 325,000	RM 272.00	1,195 sqft	Jan 2023	Single Storey Terraced
LORONG MERAK 50	RM 270,000	RM 226.00	1,195 sqft	Jan 2023	Single Storey Terraced