TAMAN MERBAH

Area Intelligence

2022

Median Price

RM 850,000

PSF: RM 711

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Residential PSF Trends

Median Price

RM 270,000

PSF: RM 143

Commercial PSF Trends

Median Price

RM 900,000

RM 715 PSF

TAMAN MERBAH in Seberang Perai Selatan, Penang recorded 3 subsale transactions in 2022, with a median price of RM 850K and a median price per square foot (PSF) of RM 711.

This area contains both residential and commercial properties. View 2 residential properties or 2 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat.

Most transactions involved 1 - 1 1/2 storey terraced, with moderate diversity in property types available.

For price per square foot, the median is RM 711, with most transactions between RM 711 and RM 711. The usual range is RM 426.50 to RM 995.50, showing that most units are priced quite close to each other. With an IQR of RM 569.00 and MAD of RM 0, the PSF demonstrates reasonable consistency across the market.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.

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TAMAN MERBAH, Seberang Perai Selatan, Penang

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