Penang
Seberang Perai Tengah
6
MERITUS RESIDENSI

MERITUS RESIDENSI

Area Intelligence

2022

Median Price

RM 470,000

PSF: RM 514

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Residential PSF Trends

Median Price

RM 470,000

PSF: RM 514

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 448K to RM 493K.

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 486.75 to RM 541.25, showing that most units are priced quite close to each other. With an IQR of RM 54.50 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.

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MERITUS RESIDENSI, Seberang Perai Tengah, Penang

OSM

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Transactions

9 transactions found

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

RM 460,000

Level 16

893 sqft • RM 515.00 PSF

Nov 2022

RM 480,000

Level 8

958 sqft • RM 501.00 PSF

Nov 2022

RM 470,000

Level 7

915 sqft • RM 514.00 PSF

Oct 2022

RM 420,000

Level 19

936 sqft • RM 448.00 PSF

Oct 2022

RM 480,000

Level 9

915 sqft • RM 525.00 PSF

Jul 2022

RM 470,000

Level 14

936 sqft • RM 502.00 PSF

Jul 2022

RM 466,000

Level 28

893 sqft • RM 522.00 PSF

May 2022

RM 521,000

Level 32

893 sqft • RM 583.00 PSF

May 2022

RM 430,000

Level 22

893 sqft • RM 481.00 PSF

Apr 2022

Road	Price	Land PSF	Land	Date	Type
Level 16	RM 460,000	RM 515.00	893 sqft	Nov 2022	Service Apartment
Level 8	RM 480,000	RM 501.00	958 sqft	Nov 2022	Service Apartment
Level 7	RM 470,000	RM 514.00	915 sqft	Oct 2022	Service Apartment
Level 19	RM 420,000	RM 448.00	936 sqft	Oct 2022	Service Apartment
Level 9	RM 480,000	RM 525.00	915 sqft	Jul 2022	Service Apartment
Level 14	RM 470,000	RM 502.00	936 sqft	Jul 2022	Service Apartment
Level 28	RM 466,000	RM 522.00	893 sqft	May 2022	Service Apartment
Level 32	RM 521,000	RM 583.00	893 sqft	May 2022	Service Apartment
Level 22	RM 430,000	RM 481.00	893 sqft	Apr 2022	Service Apartment