Penang
Seberang Perai Utara
11
TAMAN MERBAU JAYA

TAMAN MERBAU JAYA

Area Intelligence

2024

Median Price

RM 315,000

PSF: RM 263

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Residential PSF Trends

Median Price

RM 315,000

PSF: RM 263

TAMAN MERBAU JAYA in Seberang Perai Utara, Penang recorded 4 subsale transactions in 2024, with a median price of RM 315K and a median price per square foot (PSF) of RM 263.

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 315K, with most transactions falling within a stable range of RM 282K to RM 348K, and a typical market range of RM 285K to RM 345K.

Most transactions involved low-cost house, though some variety exists in the market.

The median PSF stands at RM 263, with core pricing between RM 225 and RM 300. Market pricing typically extends from RM 221.13 to RM 303.88, reflecting moderate variation in unit pricing. With an IQR of RM 82.75 and MAD of RM 37, 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.

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TAMAN MERBAU JAYA, Seberang Perai Utara, Penang

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Transactions

4 transactions grouped by size

Popular Ranges

Under RM 300k RM 300k - 500k RM 500k - 750k RM 750k - 1M RM 1M - 2M RM 2M+

Custom Range

Min Price (RM)

Max Price (RM)

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Size Range (sqft)

Popular Ranges

Under 1,000 sqft 1,000 - 2,000 sqft 2,000 - 3,000 sqft 3,000 - 5,000 sqft 5,000 - 10,000 sqft 10,000+ sqft

Custom Range

Min Size (sqft)

Max Size (sqft)

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Road	Price	Land PSF	Land	Date	Type

1,200 sqft

RM 354,000

LORONG MERBAU JAYA 6

1,200 sqft · RM 295 PSF

Jul 2024

RM 330,000

LORONG MERBAU JAYA 1

1,200 sqft · RM 275 PSF

Apr 2024

RM 300,000

LORONG MERBAU JAYA 2

1,200 sqft · RM 250 PSF

Feb 2024

LORONG MERBAU JAYA 6	RM 354,000	RM 295	1,200 sqft	Jul 2024	Single Storey Terraced
LORONG MERBAU JAYA 1	RM 330,000	RM 275	1,200 sqft	Apr 2024	Low-Cost House
LORONG MERBAU JAYA 2	RM 300,000	RM 250	1,200 sqft	Feb 2024	Single Storey Terraced