TAMAN MERAK

TAMAN MERAK in Seberang Perai Selatan, Penang recorded 6 Low-Cost Flat properties subsale transactions between 2021 and 2025 for low-cost flat properties, with a median price of RM 57K and a median price per square foot (PSF) of RM 105.

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 57K, with most transactions falling within a stable range of RM 52K to RM 78K, and a typical market range of RM 52K to RM 94K.

Within the Low-Cost Flat category, 1 - 1 1/2 storey terraced dominated the market, with high diversity across multiple property types.

Price per square foot shows a median of RM 105, though individual units vary from RM 65 to RM 144 in the core range. The broader market spans RM 61.00 to RM 148.00, indicating diverse property characteristics. A wider spread (IQR: RM 87.00) and deviation (MAD: RM 39) indicate significant PSF variations, likely due to diverse property types or conditions.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.