TAMAN MERAK JAYA in Seberang Perai Selatan, Penang recorded 20 subsale transactions in 2024, with a median price of RM 190K and a median price per square foot (PSF) of RM 223.
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 190K, with most transactions falling within a stable range of RM 300K to RM 237K, and a typical market range of RM 300K to RM 306K.
Most transactions involved low-cost flat, with moderate diversity in property types available.
The median PSF stands at RM 223, with core pricing between RM 186 and RM 260. Market pricing typically extends from RM 178.00 to RM 268.00, reflecting moderate variation in unit pricing. The spread of RM 90.00 (IQR) and deviation of RM 37 (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. Moderate transaction volume may require patience when buying or selling.
