Penang
Seberang Perai Tengah
6
MERITUS RESIDENSI

MERITUS RESIDENSI

Area Intelligence

2023

Median Price

RM 477,500

PSF: RM 517

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Residential PSF Trends

Median Price

RM 477,500

PSF: RM 517

MERITUS RESIDENSI in Seberang Perai Tengah, Penang recorded 4 subsale transactions in 2023, with a median price of RM 478K and a median price per square foot (PSF) of RM 517.

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 478K, with most transactions falling within a stable range of RM 413K to RM 490K, and a typical market range of RM 455K to RM 490K.

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

The median PSF stands at RM 517, with core pricing between RM 441 and RM 592. Market pricing typically extends from RM 489.25 to RM 543.75, reflecting moderate variation in unit pricing. With an IQR of RM 54.50 and MAD of RM 76, 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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