Taman Merbau
Butterworth, Pulau Pinang, Malaysia
Butterworth, Pulau Pinang, Malaysia
| Road | Price | PSF | Size | Date | Type |
|---|
|
Lorong Merbau 3
|
RM 270,000
|
RM 207
|
1,302 sqft
|
|
|
Lorong Merbau 1
|
RM 448,000
|
RM 311
|
1,442 sqft
|
|
|
|
Tingkat Merbau 2
|
RM 355,000
|
RM 246
|
1,442 sqft
|
|
|
Lorong Merbau 5
|
RM 500,000
|
RM 312
|
1,604 sqft
|
|
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Market Snapshot
ResidentialRM 401,500
RM 279 psfMedian transaction price
Taman Merbau, Butterworth, Pulau Pinang, Malaysia
MapsTaman Merbau in Seberang Perai Utara, Penang recorded 4 subsale transactions between 2021 and 2026, with a median price of RM 402K and a median price per square foot (PSF) of RM 311.
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 402K, with most transactions falling within a stable range of RM 329K to RM 474K, and a typical market range of RM 338K to RM 465K.
Most transactions involved 1 - 1 1/2 storey terraced, though some variety exists in the market.
The median PSF stands at RM 311, with core pricing between RM 259 and RM 363. Market pricing typically extends from RM 260.23 to RM 360.98, reflecting moderate variation in unit pricing. The spread of RM 100.75 (IQR) and deviation of RM 52 (MAD) suggest moderate price variations reflecting different property features.
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. Limited transaction history suggests carefully evaluating comparable sales data.