Taman Merbau Indah
11, Jln Merbau Indah, Taman Merbau Indah, 13800 Tasek Gelugor, Pulau Pinang, Malaysia
11, Jln Merbau Indah, Taman Merbau Indah, 13800 Tasek Gelugor, Pulau Pinang, Malaysia
|
Road
|
Price
|
PSF
|
Size
|
Date
|
Type
|
|---|---|---|---|---|---|
| 2024 | |||||
|
Level 3
|
RM 160,000
|
RM 236
|
678 sqft
|
|
LC Flat |
|
Level 2
|
RM 146,000
|
RM 215
|
678 sqft
|
|
LC Flat |
|
Level 4
|
RM 133,000
|
RM 196
|
678 sqft
|
|
LC Flat |
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Market Snapshot
RM 146,000
RM 215 psfMedian transaction price
RM 888,000
RM 507 psfMedian transaction price
11, Jln Merbau Indah, Taman Merbau Indah, 13800 Tasek Gelugor, Pulau Pinang, Malaysia
MapsTaman Merbau Indah in Seberang Perai Utara, Penang recorded 3 subsale transactions between 2021 and 2026, sized between 675 and 724 sqft, with a median price of RM 146K and a median price per square foot (PSF) of RM 215.
This area contains both residential and commercial properties. View 64 residential properties or 13 commercial properties separately for more focused analysis.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 146K, with most transactions falling within a stable range of RM 135K to RM 157K, and a typical market range of RM 133K to RM 160K.
Most transactions involved 2 - 2 1/2 storey terraced, with high diversity across multiple property types.
For price per square foot, the median is RM 215, with most transactions between RM 199 and RM 232. The usual range is RM 111.30 to RM 319.30, showing that most units are priced quite close to each other. With an IQR of RM 208.00 and MAD of RM 16, the PSF demonstrates reasonable consistency across the market.
While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.