TAMAN MERAK JAYA in Seberang Perai Selatan, Penang recorded 23 subsale transactions in 2022, with a median price of RM 89K and a median price per square foot (PSF) of RM 139.
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 89K, with most transactions falling within a stable range of RM -33,500 to RM 212K, and a typical market range of RM -26,625 to RM 205K.
Most transactions involved low-cost flat, with moderate diversity in property types available.
Price per square foot shows a median of RM 139, though individual units vary from RM 92 to RM 186 in the core range. The broader market spans RM 94.00 to RM 184.00, indicating diverse property characteristics. A wider spread (IQR: RM 90.00) and deviation (MAD: RM 47) indicate significant PSF variations, likely due to diverse property types or conditions.
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.
