TAMAN MERAK JAYA

Area Intelligence
2023
Median Price
RM 300,000
PSF: RM 226

Residential PSF Trends

Median Price

RM 300,000

PSF: RM 226

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 300K and a median price per square foot (PSF) of RM 226.

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 300K, with most transactions falling within a stable range of RM 267K to RM 333K, and a typical market range of RM 250K to RM 350K.

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

The median PSF stands at RM 226, with core pricing between RM 188 and RM 264. Market pricing typically extends from RM 181.00 to RM 271.00, reflecting moderate variation in unit pricing. The spread of RM 90.00 (IQR) and deviation of RM 38 (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. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.

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TAMAN MERAK JAYA, Seberang Perai Selatan, Penang

OSM

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Transactions

13 transactions grouped by size

1,100 sqft
Single Storey Terraced
RM 250,000
LORONG MERAK JAYA 51
1,098 sqft · RM 228 PSF
RM 330,000
LORONG MERAK 49
1,098 sqft · RM 301 PSF
RM 280,000
LORONG MERAK 60
1,098 sqft · RM 255 PSF
1,150 sqft
Single Storey Terraced
RM 260,000
LORONG MERAK 52
1,141 sqft · RM 228 PSF
1,200 sqft
Single Storey Terraced
RM 350,000
LORONG MERAK JAYA 58
1,195 sqft · RM 293 PSF
RM 250,000
LORONG MERAK JAYA 59
1,195 sqft · RM 209 PSF
RM 270,000
LORONG MERAK 50
1,195 sqft · RM 226 PSF
RM 325,000
LORONG MERAK 58
1,195 sqft · RM 272 PSF
1,550 sqft
Single Storey Terraced
RM 300,000
JALAN MERAK 5
1,550 sqft · RM 194 PSF
1,650 sqft
Single Storey Terraced
RM 310,000
JALAN MERAK 5
1,625 sqft · RM 191 PSF
RM 300,000
JALAN MERAK 5
1,636 sqft · RM 183 PSF
RM 330,000
LORONG MERAK 60
1,647 sqft · RM 200 PSF
RM 330,000
LORONG MERAK 62
1,647 sqft · RM 200 PSF

No Properties For Sale

There are currently no properties listed for sale in this area.

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