TAMAN MERAK JAYA in Seberang Perai Selatan, Penang recorded 26 subsale transactions in 2023, with a median price of RM 180K and a median price per square foot (PSF) of RM 189.
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 180K, with most transactions falling within a stable range of RM 58K to RM 303K, and a typical market range of RM 64K to RM 296K.
Most transactions involved low-cost flat, with moderate diversity in property types available.
Price per square foot shows a median of RM 189, though individual units vary from RM 142 to RM 236 in the core range. The broader market spans RM 143.50 to RM 233.50, 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. Moderate transaction volume may require patience when buying or selling.
