TAMAN MERAK in Seberang Perai Selatan, Penang recorded 28 subsale transactions in 2024, with a median price of RM 298K and a median price per square foot (PSF) of RM 281.
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 298K, with most transactions falling within a stable range of RM 262K to RM 334K, and a typical market range of RM 260K to RM 335K.
Most transactions involved 1 - 1 1/2 storey terraced, with high diversity across multiple property types.
The median PSF stands at RM 281, with core pricing between RM 241 and RM 321. Market pricing typically extends from RM 237.50 to RM 324.50, reflecting moderate variation in unit pricing. With an IQR of RM 87.00 and MAD of RM 40, the PSF demonstrates reasonable consistency across the market.
Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Moderate transaction volume may require patience when buying or selling.
