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Penang, Seberang Perai Selatan, 14

TAMAN MERAK JAYA

Area Intelligence
2024
Median Price
RM 105,000
PSF: RM 200
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Residential PSF Trends

Median Price

RM 105,000

PSF: RM 200

Commercial PSF Trends

Median Price

RM 625,000

RM 325 PSF

TAMAN MERAK JAYA in Seberang Perai Selatan, Penang recorded 10 subsale transactions in 2024, with a median price of RM 105K and a median price per square foot (PSF) of RM 200.

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 105K, with most transactions falling within a stable range of RM 87K to RM 120K, and a typical market range of RM 72K to RM 120K.

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

The median PSF stands at RM 200, with core pricing between RM 166 and RM 234. Market pricing typically extends from RM 155.00 to RM 245.00, reflecting moderate variation in unit pricing. The spread of RM 90.00 (IQR) and deviation of RM 34 (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.

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TAMAN MERAK JAYA, Seberang Perai Selatan, Penang

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Transactions

10 transactions grouped by size

View Type

Grouped View Individual View

Property Type

All Types
Categories
Residential Commercial
Specific Types
Single Storey Semi-D Single Storey Shop Single Storey Terraced Double Storey Semi-D Double Storey Shop Double Storey Terraced 3-Storey Shop 4-Storey Shop 5-Storey Shop 6-Storey Shop Cluster House Condo/Apartment Bungalow Detached Factory Flat Industrial Unit Low-Cost Flat Low-Cost House Office Lot SOHO/SOFO/SOVO Semi-D Factory Service Apartment Shop/Retail Lot Terraced Factory Town House

Year

All Years 2025 2024 2023 2022 2021
Popular Ranges
Under RM 300k RM 300k - 500k RM 500k - 750k RM 750k - 1M RM 1M - 2M RM 2M+
Custom Range
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
Clear
500 sqft
Low-Cost Flat
RM 110,000
Level 3
510 sqft · RM 216 PSF
550 sqft
Low-Cost Flat
RM 87,000
Level 1
538 sqft · RM 162 PSF
RM 120,000
Level 4
538 sqft · RM 223 PSF
RM 120,000
Level 3
538 sqft · RM 223 PSF
RM 120,000
Level 4
538 sqft · RM 223 PSF
RM 73,000
Level 4
538 sqft · RM 136 PSF
RM 100,000
Level 4
538 sqft · RM 186 PSF
View 3 more transactions

No Properties For Sale

There are currently no properties listed for sale in this area.

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