TAMAN MERBAU JAYA (BUTTERWORTH SEK 1)

TAMAN MERBAU JAYA (BUTTERWORTH SEK 1) in Seberang Perai Utara, Penang recorded 4 subsale transactions in 2024, with a median price of RM 244K and a median price per square foot (PSF) of RM 310.

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 244K, with most transactions falling within a stable range of RM 232K to RM 255K, and a typical market range of RM 237K to RM 250K.

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

For price per square foot, the median is RM 310, with most transactions between RM 295 and RM 325. The usual range is RM 301.75 to RM 318.25, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 16.50 and an average deviation (MAD) of RM 15 indicate a highly stable PSF trend across properties.

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.