Penang, Seberang Perai Utara, Butterworth

TAMAN MERBAU

Area Intelligence

2022

Median Price

RM 474,000

PSF: RM 363

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Residential PSF Trends

Median Price

RM 474,000

PSF: RM 363

TAMAN MERBAU in Seberang Perai Utara, Penang recorded 2 subsale transactions in 2022, with a median price of RM 474K and a median price per square foot (PSF) of RM 363.

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 474K, with most transactions falling within a stable range of RM 448K to RM 500K, and a typical market range of RM 448K to RM 500K.

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

The median PSF stands at RM 363, with core pricing between RM 311 and RM 415. Market pricing typically extends from RM 312.63 to RM 413.38, reflecting moderate variation in unit pricing. With an IQR of RM 100.75 and MAD of RM 52, the PSF demonstrates reasonable consistency across the market.

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 MERBAU, Seberang Perai Utara, Penang

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