TAMAN MERAK

Area Intelligence

3-Storey Shop

Median Price

RM 830,000

PSF: RM 404

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Residential PSF Trends

Median Price

RM 280,000

PSF: RM 269

Commercial PSF Trends

Median Price

RM 830,000

RM 404 PSF

TAMAN MERAK in Seberang Perai Selatan, Penang recorded 1 3-Storey Shop properties subsale transactions between 2021 and 2025 for 3-storey shop properties, with a median price of RM 830K and a median price per square foot (PSF) of RM 404.

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.

Within the 3-Storey Shop category, 1 - 1 1/2 storey terraced dominated the market, with high diversity across multiple property types.

For price per square foot, the median is RM 404, with most transactions between RM 404 and RM 404. The usual range is RM 360.50 to RM 447.50, showing that most units are priced quite close to each other. With an IQR of RM 87.00 and MAD of RM 0, 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. Despite diverse property types, prices remain relatively stable, offering options for different buyer preferences. Limited transaction history suggests carefully evaluating comparable sales data.

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TAMAN MERAK, Seberang Perai Selatan, Penang

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