MERITUS RESIDENSI

MERITUS RESIDENSI in Seberang Perai Tengah, Penang recorded 9 subsale transactions in 2022, with a median price of RM 470K and a median price per square foot (PSF) of RM 514.

This area consists exclusively of residential properties, with no commercial listings recorded.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 470K, with most transactions falling within a stable range of RM 442K to RM 498K, and a typical market range of RM 451K to RM 489K.

Most transactions involved service apartment, with minimal variety in property types.

For price per square foot, the median is RM 514, with most transactions between RM 480 and RM 548. The usual range is RM 484.63 to RM 543.38, showing that most units are priced quite close to each other. With an IQR of RM 58.75 and MAD of RM 34, 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. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.