LIST

Penang, Seberang Perai Selatan, 14

TAMAN MERAK JAYA

Area Intelligence
2024
Median Price
RM 620,000
PSF: RM 266
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Residential PSF Trends

Median Price

RM 420,000

PSF: RM 189

Commercial PSF Trends

Median Price

RM 820,000

RM 342 PSF

TAMAN MERAK JAYA in Seberang Perai Selatan, Penang recorded 2 subsale transactions in 2024, with a median price of RM 620K and a median price per square foot (PSF) of RM 266.

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 620K, with most transactions falling within a stable range of RM 420K to RM 820K, and a typical market range of RM 504K to RM 736K.

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

Price per square foot shows a median of RM 266, though individual units vary from RM 189 to RM 342 in the core range. The broader market spans RM 220.50 to RM 310.50, indicating diverse property characteristics. A wider spread (IQR: RM 90.00) and deviation (MAD: RM 77) 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. 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

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Transactions

2 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
2,200 sqft
Single Storey Terraced
RM 420,000
JALAN MERAK 61
2,217 sqft · RM 189 PSF
2,400 sqft
Double Storey Shop
RM 820,000
JALAN MERAK 5
2,400 sqft · RM 342 PSF

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

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