Area Intelligence

TAMAN MERPATI INDAH

3 properties
Double Storey Terraced
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Median Price
RM 480,000
PSF: RM 393

Residential Market

Median Price

RM 480,000

IQR: RM 98
MAD: RM 39
RM 393 PSF 2.2%

PSF Trends (2021-2025)

TAMAN MERPATI INDAH in Seberang Perai Selatan, Penang recorded 3 Double Storey Terraced properties subsale transactions between 2021 and 2025 for double storey terraced properties, with a median price of RM 480K and a median price per square foot (PSF) of RM 393.

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 480K, with most transactions falling within a stable range of RM 470K to RM 492K, and a typical market range of RM 470K to RM 500K.

Within the Double Storey Terraced category, flats dominated the market, with high diversity across multiple property types.

Price per square foot shows a median of RM 393, though individual units vary from RM 310 to RM 476 in the core range. The broader market spans RM 343.88 to RM 442.13, indicating diverse property characteristics. The spread of RM 98.25 (IQR) and deviation of RM 83 (MAD) suggest moderate price variations reflecting different property features.

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.

Area Location

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TAMAN MERPATI INDAH, Seberang Perai Selatan, Penang

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Transactions

3 properties grouped by size

1,200 sqft
2 units Double Storey Terraced
RM 480,000
LORONG MERPATI INDAH 5
1,195 sqft · RM 402.00 PSF
Jun 2023
RM 470,000
LORONG MERPATI INDAH 3
1,195 sqft · RM 393.00 PSF
Apr 2023
2,250 sqft
1 units Double Storey Terraced
RM 500,000
LORONG MERPATI INDAH 1
2,260 sqft · RM 221.00 PSF
Jun 2022