TAMAN MERAK

Area Intelligence

2024

Median Price

RM 60,000

PSF: RM 111

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Residential PSF Trends

Median Price

RM 60,000

PSF: RM 111

Commercial PSF Trends

Median Price

RM 350,000

RM 232 PSF

TAMAN MERAK in Seberang Perai Selatan, Penang recorded 5 subsale transactions in 2024, with a median price of RM 60K and a median price per square foot (PSF) of RM 111.

This area contains both residential and commercial properties. View 94 residential properties or 15 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 60K, with most transactions falling within a stable range of RM 52K to RM 171K, and a typical market range of RM 52K to RM 98K.

Most transactions involved 1 - 1 1/2 storey terraced, with high diversity across multiple property types.

Price per square foot shows a median of RM 111, though individual units vary from RM 16 to RM 206 in the core range. The broader market spans RM 67.50 to RM 154.50, indicating diverse property characteristics. A wider spread (IQR: RM 87.00) and deviation (MAD: RM 95) 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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.

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TAMAN MERAK, Seberang Perai Selatan, Penang

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Transactions

5 transactions found

Popular Ranges

Under RM 300k RM 300k - 500k RM 500k - 750k RM 750k - 1M RM 1M - 2M RM 2M+

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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

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RM 60,000

Level 1

538 sqft • RM 111.00 PSF

Dec 2024

RM 52,000

Level 4

538 sqft • RM 97.00 PSF

Nov 2024

RM 340,000

LORONG. MERAK 8

990 sqft • RM 343.00 PSF

Sep 2024

RM 110,000

Level G

538 sqft • RM 204.00 PSF

Apr 2024

RM 53,000

Level 4

538 sqft • RM 98.00 PSF

Feb 2024

Road	Price	Land PSF	Land	Date	Type
Level 1	RM 60,000	RM 111.00	538 sqft	Dec 2024	Low-Cost Flat
Level 4	RM 52,000	RM 97.00	538 sqft	Nov 2024	Low-Cost Flat
LORONG. MERAK 8	RM 340,000	RM 343.00	990 sqft	Sep 2024	Single Storey Terraced
Level G	RM 110,000	RM 204.00	538 sqft	Apr 2024	Low-Cost Flat
Level 4	RM 53,000	RM 98.00	538 sqft	Feb 2024	Low-Cost Flat