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.

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

For price per square foot, the median is RM 517, with most transactions between RM 517 and RM 517. The usual range is RM 489.25 to RM 543.75, showing that most units are priced quite close to each other. With an IQR of RM 54.50 and MAD of RM 0, 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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