TAMAN MERBAU INDAH

TAMAN MERBAU INDAH in Seberang Perai Utara, Penang recorded 23 subsale transactions in 2024, with a median price of RM 671K and a median price per square foot (PSF) of RM 406.

This area contains both residential and commercial properties. View 60 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 671K, with most transactions falling within a stable range of RM 314K to RM 1.03 million, and a typical market range of RM 536K to RM 806K.

Most transactions involved 2 - 2 1/2 storey terraced, with high diversity across multiple property types.

Price per square foot shows a median of RM 406, though individual units vary from RM 231 to RM 581 in the core range. The broader market spans RM 301.50 to RM 510.50, indicating diverse property characteristics. A wider spread (IQR: RM 209.00) and deviation (MAD: RM 175) indicate significant PSF variations, likely due to diverse property types or conditions.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Some price volatility exists, making thorough market research essential before transacting. Moderate transaction volume may require patience when buying or selling.