MERITUS RESIDENSI

MERITUS RESIDENSI in Seberang Perai Tengah, Penang recorded 4 subsale transactions in 2024, with a median price of RM 475K and a median price per square foot (PSF) of RM 508.

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 475K, with most transactions falling within a stable range of RM 426K to RM 520K, and a typical market range of RM 456K to RM 494K.

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

The median PSF stands at RM 508, with core pricing between RM 451 and RM 565. Market pricing typically extends from RM 478.63 to RM 537.38, reflecting moderate variation in unit pricing. With an IQR of RM 58.75 and MAD of RM 57, 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.