LIST

Penang, Seberang Perai Selatan, 14

TAMAN MERAK JAYA

Area Intelligence
2024
Median Price
RM 322,500
PSF: RM 260
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Residential PSF Trends

Median Price

RM 320,000

PSF: RM 251

Commercial PSF Trends

Median Price

RM 430,000

RM 307 PSF

TAMAN MERAK JAYA in Seberang Perai Selatan, Penang recorded 8 subsale transactions in 2024, with a median price of RM 323K and a median price per square foot (PSF) of RM 260.

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 323K, with most transactions falling within a stable range of RM 275K to RM 370K, and a typical market range of RM 260K to RM 430K.

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

The median PSF stands at RM 260, with core pricing between RM 232 and RM 287. Market pricing typically extends from RM 214.50 to RM 304.50, reflecting moderate variation in unit pricing. With an IQR of RM 90.00 and MAD of RM 28, the PSF demonstrates reasonable consistency across the market.

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

Track location

Transactions

8 transactions grouped by size

View Type

Grouped View Individual View

Property Type

All Types
Categories
Residential Commercial
Specific Types
Single Storey Semi-D Single Storey Shop Single Storey Terraced Double Storey Semi-D Double Storey Shop Double Storey Terraced 3-Storey Shop 4-Storey Shop 5-Storey Shop 6-Storey Shop Cluster House Condo/Apartment Bungalow Detached Factory Flat Industrial Unit Low-Cost Flat Low-Cost House Office Lot SOHO/SOFO/SOVO Semi-D Factory Service Apartment Shop/Retail Lot Terraced Factory Town House

Year

All Years 2025 2024 2023 2022 2021
Popular Ranges
Under RM 300k RM 300k - 500k RM 500k - 750k RM 750k - 1M RM 1M - 2M RM 2M+
Custom Range
Clear

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
Clear
1,100 sqft
Single Storey Terraced
RM 260,000
LORONG MERAK 61
1,098 sqft · RM 237 PSF
RM 340,000
LORONG MERAK 61
1,098 sqft · RM 310 PSF
1,200 sqft
Single Storey Terraced
RM 325,000
LORONG MERAK 64
1,195 sqft · RM 272 PSF
RM 300,000
LORONG MERAK 64
1,195 sqft · RM 251 PSF
RM 320,000
LORONG MERAK JAYA 3
1,195 sqft · RM 268 PSF
RM 300,000
LORONG MERAK JAYA 59
1,195 sqft · RM 251 PSF
1,400 sqft
Double Storey Shop
RM 430,000
JALAN MERAK 5
1,399 sqft · RM 307 PSF
1,550 sqft
Single Storey Terraced
RM 360,000
JALAN MERAK 5
1,550 sqft · RM 232 PSF

No Properties For Sale

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

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