MERITUS RESIDENSI

MERITUS RESIDENSI in Seberang Perai Tengah, Penang recorded 19 subsale transactions between 2021 and 2025, with a median price of RM 466K and a median price per square foot (PSF) of RM 502.

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 466K, with most transactions falling within a stable range of RM 422K to RM 510K, and a typical market range of RM 444K to RM 489K.

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

The median PSF stands at RM 502, with core pricing between RM 451 and RM 553. Market pricing typically extends from RM 474.75 to RM 529.25, reflecting moderate variation in unit pricing. With an IQR of RM 54.50 and MAD of RM 51, 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.