PUSAT PERNIAGAAN TAMAN MERAK

PUSAT PERNIAGAAN TAMAN MERAK in Seberang Perai Selatan, Penang recorded 2 subsale transactions in 2023, with a median price of RM 628K and a median price per square foot (PSF) of RM 479.

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 628K, with most transactions falling within a stable range of RM 500K to RM 755K, and a typical market range of RM 526K to RM 729K.

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

The median PSF stands at RM 479, with core pricing between RM 418 and RM 540. Market pricing typically extends from RM 421.50 to RM 536.50, reflecting moderate variation in unit pricing. With an IQR of RM 115.00 and MAD of RM 61, 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. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.