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 446K to RM 494K, 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 491 and RM 537. 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 23, 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

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