Taman Merak Jaya

Taman Merak Jaya in Seberang Perai Selatan, Penang recorded 2 Double Storey Shop properties subsale transactions between 2021 and 2026, with a median price of RM 625K and a median price per square foot (PSF) of RM 204.

This area contains both residential and commercial properties. View 82 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 625K, with most transactions falling within a stable range of RM 430K to RM 820K, and a typical market range of RM 508K to RM 742K.

Within the Double Storey Shop category, low-cost flat dominated the market, with moderate diversity in property types available.

Price per square foot shows a median of RM 204, though individual units vary from RM 162 to RM 247 in the core range. The broader market spans RM 159.14 to RM 249.14, indicating diverse property characteristics. The spread of RM 90.00 (IQR) and deviation of RM 42 (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.