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 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 280, with core pricing between RM 240 and RM 320. Market pricing typically extends from RM 236.50 to RM 323.50, 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.

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TAMAN MERAK, Seberang Perai Selatan, Penang

OSM

Track location

Transactions

36 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)

Clear

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)

Clear

Road	Price	Land PSF	Land	Date	Type

550 sqft

Low-Cost Flat

550 sqft

Low-Cost Flat

RM 53,000

Level 4

538 sqft · RM 98 PSF

Oct 2023

RM 80,000

Level 2

538 sqft · RM 149 PSF

Aug 2023

Level 4	RM 53,000	RM 98	538 sqft	Oct 2023
Level 2	RM 80,000	RM 149	538 sqft	Aug 2023

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 250,000

LORONG MERAK 4

1,001 sqft · RM 250 PSF

Oct 2023

RM 275,000

LORONG MERAK 6

1,001 sqft · RM 275 PSF

Oct 2023

RM 280,000

LORONG MERAK 25

1,001 sqft · RM 280 PSF

Oct 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 4	RM 250,000	RM 250	1,001 sqft	Oct 2023	Low-Cost House
LORONG MERAK 6	RM 275,000	RM 275	1,001 sqft	Oct 2023	Single Storey Terraced
LORONG MERAK 25	RM 280,000	RM 280	1,001 sqft	Oct 2023	Single Storey Terraced

View 14 more transactions

1,050 sqft

RM 290,000

LORONG MERAK 24

1,044 sqft · RM 278 PSF

Dec 2023

RM 290,000

JALAN MERAK 4

1,033 sqft · RM 281 PSF

Aug 2023

LORONG MERAK 24	RM 290,000	RM 278	1,044 sqft	Dec 2023	Low-Cost House
JALAN MERAK 4	RM 290,000	RM 281	1,033 sqft	Aug 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 350,000

LORONG SIMPANG AMPAT 1

1,195 sqft · RM 293 PSF

Oct 2023

RM 290,000

LORONG MERAK 65

1,195 sqft · RM 243 PSF

Oct 2023

RM 438,000

JALAN MERAK 2

1,195 sqft · RM 367 PSF

Oct 2023

RM 230,000

LORONG MERAK 65

1,195 sqft · RM 193 PSF

Aug 2023

RM 440,000

LORONG KENDI

1,195 sqft · RM 368 PSF

Jun 2023

LORONG KENDI 8	RM 480,000	RM 402	1,195 sqft	Dec 2023	Double Storey Terraced
LORONG SIMPANG AMPAT 1	RM 350,000	RM 293	1,195 sqft	Oct 2023	Double Storey Shop
LORONG MERAK 65	RM 290,000	RM 243	1,195 sqft	Oct 2023	Double Storey Shop
JALAN MERAK 2	RM 438,000	RM 367	1,195 sqft	Oct 2023	Double Storey Shop
LORONG MERAK 65	RM 230,000	RM 193	1,195 sqft	Aug 2023	Double Storey Shop
LORONG KENDI	RM 440,000	RM 368	1,195 sqft	Jun 2023	Double Storey Terraced