TAMAN MERBAU JAYA (BUTTERWORTH SEK 1)

TAMAN MERBAU JAYA (BUTTERWORTH SEK 1) in Seberang Perai Utara, Penang recorded 2 subsale transactions in 2022, with a median price of RM 667K and a median price per square foot (PSF) of RM 391.

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 667K, with most transactions falling within a stable range of RM 253K to RM 1.08 million, and a typical market range of RM 660K to RM 673K.

Most transactions involved condominium/apartment, though some variety exists in the market.

The median PSF stands at RM 391, with core pricing between RM 322 and RM 460. Market pricing typically extends from RM 382.75 to RM 399.25, reflecting moderate variation in unit pricing. The spread of RM 16.50 (IQR) and deviation of RM 69 (MAD) suggest moderate price variations reflecting different property features.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.