MERITUS RESIDENSI

MERITUS RESIDENSI in Seberang Perai Tengah, Penang recorded 18 subsale transactions between 2021 and 2025, with a median price of RM 468K 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 468K, with most transactions falling within a stable range of RM 448K to RM 488K, and a typical market range of RM 449K to RM 487K.

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

For price per square foot, the median is RM 508, with most transactions between RM 476 and RM 541. The usual range is RM 478.63 to RM 537.38, showing that most units are priced quite close to each other. With an IQR of RM 58.75 and MAD of RM 33, 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.