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 133K to RM 378K, and a typical market range of RM 139K to RM 371K.
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 166 to RM 260 in the core range. The broader market spans RM 168.00 to RM 258.00, indicating diverse property characteristics. The spread of RM 90.00 (IQR) and deviation of RM 47 (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.
