TAMAN MERAK in Seberang Perai Selatan, Penang recorded 8 subsale transactions in 2021, with a median price of RM 290K and a median price per square foot (PSF) of RM 258.
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 254K to RM 326K, and a typical market range of RM 253K to RM 328K.
Most transactions involved 1 - 1 1/2 storey terraced, with high diversity across multiple property types.
The median PSF stands at RM 258, with core pricing between RM 218 and RM 298. Market pricing typically extends from RM 214.00 to RM 301.00, reflecting moderate variation in unit pricing. The spread of RM 87.00 (IQR) and deviation of RM 40 (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. Limited transaction history suggests carefully evaluating comparable sales data.
