RESIDENSI MERBOK

RESIDENSI MERBOK in Seberang Perai Selatan, Penang recorded 53 subsale transactions in 2023, with a median price of RM 934K and a median price per square foot (PSF) of RM 274.

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 934K, with most transactions falling within a stable range of RM 789K to RM 1.08 million, and a typical market range of RM 899K to RM 969K.

Most transactions involved 2 - 2 1/2 storey semi-detached, with moderate diversity in property types available.

For price per square foot, the median is RM 274, with most transactions between RM 251 and RM 297. The usual range is RM 266.88 to RM 281.13, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 14.25 and an average deviation (MAD) of RM 23 indicate a highly stable PSF trend across properties.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Despite diverse property types, prices remain relatively stable, offering options for different buyer preferences. Moderate transaction volume may require patience when buying or selling.