TAMAN MERBAU INDAH

TAMAN MERBAU INDAH in Seberang Perai Utara, Penang recorded 27 subsale transactions in 2022, with a median price of RM 650K and a median price per square foot (PSF) of RM 407.

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 650K, with most transactions falling within a stable range of RM 630K to RM 140K, and a typical market range of RM 515K to RM 140K.

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 407, with most transactions between RM 373 and RM 441. The usual range is RM 302.50 to RM 511.50, showing that most units are priced quite close to each other. With an IQR of RM 209.00 and MAD of RM 34, 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. Moderate price stability provides a balanced market for both buyers and sellers. Moderate transaction volume may require patience when buying or selling.