MERITUS RESIDENSI

MERITUS RESIDENSI in Seberang Perai Tengah, Penang recorded 15 subsale transactions between 2021 and 2025, with a median price of RM 470K and a median price per square foot (PSF) of RM 515.

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 421K to RM 519K, and a typical market range of RM 451K to RM 489K.

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

The median PSF stands at RM 515, with core pricing between RM 459 and RM 571. Market pricing typically extends from RM 485.63 to RM 544.38, reflecting moderate variation in unit pricing. With an IQR of RM 58.75 and MAD of RM 56, 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.