TAMAN MERBAU in Seberang Perai Utara, Penang recorded 1 subsale transactions in 2021, with a median price of RM 355K and a median price per square foot (PSF) of RM 246.
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 355K, with most transactions falling within a stable range of RM 283K to RM 428K, and a typical market range of RM 291K to RM 419K.
Most transactions involved 1 - 1 1/2 storey terraced, though some variety exists in the market.
Price per square foot shows a median of RM 246, though individual units vary from RM 194 to RM 298 in the core range. The broader market spans RM 195.63 to RM 296.38, indicating diverse property characteristics. 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.
