TAMAN MERAK

Area Intelligence

2023

Median Price

RM 290,000

PSF: RM 280

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Residential PSF Trends

Median Price

RM 290,000

PSF: RM 280

Commercial PSF Trends

Median Price

RM 320,000

RM 268 PSF

TAMAN MERAK in Seberang Perai Selatan, Penang recorded 36 subsale transactions in 2023, with a median price of RM 290K and a median price per square foot (PSF) of RM 280.

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 290K, with most transactions falling within a stable range of RM 300K to RM 349K, and a typical market range of RM 300K to RM 328K.

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 280, though individual units vary from RM 223 to RM 337 in the core range. The broader market spans RM 236.50 to RM 323.50, indicating diverse property characteristics. The spread of RM 87.00 (IQR) and deviation of RM 57 (MAD) suggest moderate price variations reflecting different property features.

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.

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TAMAN MERAK, Seberang Perai Selatan, Penang

OSM

Track location

Transactions

15 transactions grouped by size

Popular Ranges

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

Custom Range

Min Price (RM)

Max Price (RM)

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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

Min Size (sqft)

Max Size (sqft)

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Road	Price	Land PSF	Land	Date	Type

1,000 sqft

RM 320,000

LORONG MERAK 5

1,001 sqft · RM 320 PSF

Nov 2023

RM 300,000

LORONG MERAK 12

1,001 sqft · RM 300 PSF

Nov 2023

RM 300,000

LORONG MERAK 23

1,001 sqft · RM 300 PSF

Oct 2023

RM 355,000

LORONG MERAK 21

1,012 sqft · RM 351 PSF

Aug 2023

RM 310,000

LORONG MERAK 1

1,001 sqft · RM 310 PSF

Jun 2023

RM 300,000

LORONG MERAK 11

1,001 sqft · RM 300 PSF

May 2023

LORONG MERAK 5	RM 320,000	RM 320	1,001 sqft	Nov 2023	Single Storey Terraced
LORONG MERAK 12	RM 300,000	RM 300	1,001 sqft	Nov 2023	Single Storey Terraced
LORONG MERAK 23	RM 300,000	RM 300	1,001 sqft	Oct 2023	Low-Cost House
LORONG MERAK 21	RM 355,000	RM 351	1,012 sqft	Aug 2023	Single Storey Terraced
LORONG MERAK 1	RM 310,000	RM 310	1,001 sqft	Jun 2023	Single Storey Terraced
LORONG MERAK 11	RM 300,000	RM 300	1,001 sqft	May 2023	Single Storey Terraced

1,100 sqft

Single Storey Terraced

1,100 sqft

Single Storey Terraced

RM 350,000

LORONG MERAK 61

1,098 sqft · RM 319 PSF

Oct 2023

LORONG MERAK 61

RM 350,000

RM 319

1,098 sqft

Oct 2023

1,200 sqft

RM 480,000

LORONG KENDI 8

1,195 sqft · RM 402 PSF

Dec 2023

RM 438,000

JALAN MERAK 2

1,195 sqft · RM 367 PSF

Oct 2023

RM 350,000

LORONG SIMPANG AMPAT 1

1,195 sqft · RM 293 PSF

Oct 2023

RM 440,000

LORONG KENDI

1,195 sqft · RM 368 PSF

Jun 2023

RM 450,000

LORONG KENDI 8

1,195 sqft · RM 377 PSF

Mar 2023

RM 420,000

JALAN KENDI

1,195 sqft · RM 352 PSF

Feb 2023

LORONG KENDI 8	RM 480,000	RM 402	1,195 sqft	Dec 2023	Double Storey Terraced
JALAN MERAK 2	RM 438,000	RM 367	1,195 sqft	Oct 2023	Double Storey Shop
LORONG SIMPANG AMPAT 1	RM 350,000	RM 293	1,195 sqft	Oct 2023	Double Storey Shop
LORONG KENDI	RM 440,000	RM 368	1,195 sqft	Jun 2023	Double Storey Terraced
LORONG KENDI 8	RM 450,000	RM 377	1,195 sqft	Mar 2023	Double Storey Terraced
JALAN KENDI	RM 420,000	RM 352	1,195 sqft	Feb 2023	Double Storey Shop