MERITUS RESIDENSI

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 409K to RM 525K, and a typical market range of RM 459K to RM 496K.

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

The median PSF stands at RM 517, with core pricing between RM 439 and RM 594. Market pricing typically extends from RM 487.13 to RM 545.88, reflecting moderate variation in unit pricing. The spread of RM 58.75 (IQR) and deviation of RM 78 (MAD) suggest moderate price variations reflecting different property features.

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.