Penang
Seberang Perai Selatan
14
TAMAN MERAK JAYA

TAMAN MERAK JAYA

Area Intelligence

2023

Median Price

RM 80,000

PSF: RM 149

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Residential PSF Trends

Median Price

RM 80,000

PSF: RM 149

Commercial PSF Trends

Median Price

RM 625,000

RM 325 PSF

TAMAN MERAK JAYA in Seberang Perai Selatan, Penang recorded 13 subsale transactions in 2023, with a median price of RM 80K and a median price per square foot (PSF) of RM 149.

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 80K, with most transactions falling within a stable range of RM 65K to RM 95K, and a typical market range of RM 50K to RM 110K.

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

The median PSF stands at RM 149, with core pricing between RM 122 and RM 176. Market pricing typically extends from RM 104.00 to RM 194.00, reflecting moderate variation in unit pricing. 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

13 transactions grouped by size

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)

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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

Custom Range

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Max Size (sqft)

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Road	Price	Land PSF	Land	Date	Type

500 sqft

Low-Cost Flat

500 sqft

Low-Cost Flat

RM 50,000

Level 4

510 sqft · RM 98 PSF

May 2023

Level 4

RM 50,000

RM 98

510 sqft

May 2023

550 sqft

Low-Cost Flat

550 sqft

Low-Cost Flat

RM 100,000

Level 1

538 sqft · RM 186 PSF

Dec 2023

RM 85,000

Level 4

538 sqft · RM 158 PSF

Dec 2023

RM 77,000

Level 2

538 sqft · RM 143 PSF

Nov 2023

RM 80,000

Level 4

538 sqft · RM 149 PSF

Nov 2023

RM 110,000

Level 4

538 sqft · RM 204 PSF

Oct 2023

RM 87,000

Level 3

538 sqft · RM 162 PSF

Sep 2023

Level 1	RM 100,000	RM 186	538 sqft	Dec 2023
Level 4	RM 85,000	RM 158	538 sqft	Dec 2023
Level 2	RM 77,000	RM 143	538 sqft	Nov 2023
Level 4	RM 80,000	RM 149	538 sqft	Nov 2023
Level 4	RM 110,000	RM 204	538 sqft	Oct 2023
Level 3	RM 87,000	RM 162	538 sqft	Sep 2023