Penang
Seberang Perai Selatan
14
TAMAN MERAK JAYA

TAMAN MERAK JAYA

Area Intelligence

2022

Median Price

RM 67,500

PSF: RM 126

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Residential PSF Trends

Median Price

RM 67,500

PSF: RM 126

Commercial PSF Trends

Median Price

RM 625,000

RM 325 PSF

TAMAN MERAK JAYA in Seberang Perai Selatan, Penang recorded 12 subsale transactions in 2022, with a median price of RM 68K and a median price per square foot (PSF) of RM 126.

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 68K, with most transactions falling within a stable range of RM 53K to RM 82K, and a typical market range of RM 40K to RM 89K.

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

Price per square foot shows a median of RM 126, though individual units vary from RM 99 to RM 152 in the core range. The broader market spans RM 80.50 to RM 170.50, indicating diverse property characteristics. The spread of RM 90.00 (IQR) and deviation of RM 27 (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

12 transactions grouped by size

Popular Ranges

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

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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

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Road	Price	Land PSF	Land	Date	Type

550 sqft

Low-Cost Flat

550 sqft

Low-Cost Flat

RM 55,000

Level 1

538 sqft · RM 102 PSF

Dec 2022

RM 48,000

Level 4

538 sqft · RM 89 PSF

Dec 2022

RM 60,000

Level 3

538 sqft · RM 111 PSF

Sep 2022

RM 75,000

Level 3

538 sqft · RM 139 PSF

Sep 2022

RM 80,000

Level 3

538 sqft · RM 149 PSF

Sep 2022

RM 40,000

Level 4

538 sqft · RM 74 PSF

Jul 2022

Level 1	RM 55,000	RM 102	538 sqft	Dec 2022
Level 4	RM 48,000	RM 89	538 sqft	Dec 2022
Level 3	RM 60,000	RM 111	538 sqft	Sep 2022
Level 3	RM 75,000	RM 139	538 sqft	Sep 2022
Level 3	RM 80,000	RM 149	538 sqft	Sep 2022
Level 4	RM 40,000	RM 74	538 sqft	Jul 2022