PUSAT PERNIAGAAN TAMAN MERAK

PUSAT PERNIAGAAN TAMAN MERAK in Seberang Perai Selatan, Penang recorded 3 subsale transactions between 2021 and 2025, with a median price of RM 500K and a median price per square foot (PSF) of RM 418.

This area consists exclusively of commercial properties, with no residential listings recorded.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 500K, with most transactions falling within a stable range of RM 350K to RM 650K, and a typical market range of RM 399K to RM 601K.

Most transactions involved 2 - 2 1/2 storey shop, with minimal variety in property types.

Price per square foot shows a median of RM 418, though individual units vary from RM 310 to RM 526 in the core range. The broader market spans RM 360.50 to RM 475.50, indicating diverse property characteristics. A wider spread (IQR: RM 115.00) and deviation (MAD: RM 108) indicate significant PSF variations, likely due to diverse property types or conditions.

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.