TAMAN MERBAU JAYA in Seberang Perai Utara, Penang recorded 2 subsale transactions in 2022, with a median price of RM 279K and a median price per square foot (PSF) of RM 230.
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 279K, with most transactions falling within a stable range of RM 218K to RM 340K, and a typical market range of RM 249K to RM 309K.
Most transactions involved low-cost house, though some variety exists in the market.
The median PSF stands at RM 230, with core pricing between RM 198 and RM 261. Market pricing typically extends from RM 188.13 to RM 270.88, reflecting moderate variation in unit pricing. With an IQR of RM 82.75 and MAD of RM 32, 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.
