Penang
Seberang Perai Utara
11
TAMAN SERI MERBAU

TAMAN SERI MERBAU

Area Intelligence

2022

Median Price

RM 645,000

PSF: RM 306

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Residential PSF Trends

Median Price

RM 645,000

PSF: RM 306

Commercial PSF Trends

Median Price

RM 808,000

RM 511 PSF

TAMAN SERI MERBAU in Seberang Perai Utara, Penang recorded 2 subsale transactions in 2022, with a median price of RM 645K and a median price per square foot (PSF) of RM 306.

This area contains both residential and commercial properties. View 3 residential properties or 1 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 645K, with most transactions falling within a stable range of RM 600K to RM 690K, and a typical market range of RM 600K to RM 690K.

Most transactions involved 2 - 2 1/2 storey terraced, though some variety exists in the market.

Price per square foot shows a median of RM 306, though individual units vary from RM 162 to RM 450 in the core range. The broader market spans RM 235.38 to RM 376.63, indicating diverse property characteristics. A wider spread (IQR: RM 141.25) and deviation (MAD: RM 144) 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.

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TAMAN SERI MERBAU, Seberang Perai Utara, Penang

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Transactions

2 transactions found

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

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Max Size (sqft)

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RM 690,000

LORONG MERBAU JAYA 5

4,263 sqft • RM 162.00 PSF

Apr 2022

RM 600,000

LORONG SERI MERBAU 2

1,335 sqft • RM 450.00 PSF

Apr 2022

Road	Price	Land PSF	Land	Date	Type
LORONG MERBAU JAYA 5	RM 690,000	RM 162.00	4,263 sqft	Apr 2022	Double Storey Terraced
LORONG SERI MERBAU 2	RM 600,000	RM 450.00	1,335 sqft	Apr 2022	Double Storey Terraced