TAMAN MERBAU JAYA in Seberang Perai Utara, Penang recorded 1 subsale transactions in 2023, with a median price of RM 275K and a median price per square foot (PSF) of RM 167.
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 275K, with most transactions falling within a stable range of RM 243K to RM 307K, and a typical market range of RM 245K to RM 305K.
Most transactions involved low-cost house, though some variety exists in the market.
Price per square foot shows a median of RM 167, though individual units vary from RM 125 to RM 209 in the core range. The broader market spans RM 125.63 to RM 208.38, indicating diverse property characteristics. A wider spread (IQR: RM 82.75) and deviation (MAD: RM 42) indicate significant PSF variations, likely due to diverse property types or conditions.
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.
