TMN MERAK
Residential Market
Median Price
RM 250,000
PSF Trends (2021-2025)
Commercial Market
Median Price
RM 275,000
PSF Trends (2021-2025)
PROPERTY TYPES OVERVIEW
Single Storey Terraced
62 properties
Median Price
RM 290,000
+7.2% CAGR
Median PSF
RM 281.00
+10.7% CAGR
Low-Cost House
25 properties
Median Price
RM 280,000
+2.3% CAGR
Median PSF
RM 271.50
+1.4% CAGR
Double Storey Shop
12 properties
Median Price
RM 350,000
+23.5% CAGR
Median PSF
RM 221.50
-8.1% CAGR
Double Storey Terraced
11 properties
Median Price
RM 465,000
+12.8% CAGR
Median PSF
RM 326.00
-0.6% CAGR
Low-Cost Flat
6 properties
Median Price
RM 61,500
-15.0% CAGR
Median PSF
RM 114.00
-15.4% CAGR
Single Storey Shop
2 properties
Median Price
RM 260,000
+16.7% CAGR
Median PSF
RM 216.50
+15.4% CAGR
Single Storey Semi-D
1 properties
Median Price
RM 310,000
Median PSF
RM 98.00
3-Storey Storey Shop
1 properties
Median Price
RM 830,000
Median PSF
RM 404.00
| Property Type | Properties | Median Price | Price CAGR | Median PSF | PSF CAGR | |
|---|---|---|---|---|---|---|
| Single Storey Terraced | 62 |
RM 290,000
±35K MAD
|
+7.19% |
RM 281.00
±39 MAD
|
+10.67% | |
| Low-Cost House | 25 |
RM 280,000
±10K MAD
|
+2.33% |
RM 271.50
±8 MAD
|
+1.44% | |
| Double Storey Shop | 12 |
RM 350,000
±3K MAD
|
+23.50% |
RM 221.50
±35 MAD
|
-8.12% | |
| Double Storey Terraced | 11 |
RM 465,000
±44K MAD
|
+12.81% |
RM 326.00
±4 MAD
|
-0.62% | |
| Low-Cost Flat | 6 |
RM 61,500
±5K MAD
|
-15.04% |
RM 114.00
±10 MAD
|
-15.38% | |
| Single Storey Shop | 2 |
RM 260,000
±20K MAD
|
+16.67% |
RM 216.50
±16 MAD
|
+15.42% | |
| Single Storey Semi-D | 1 |
RM 310,000
|
- |
RM 98.00
|
- | |
| 3-Storey Storey Shop | 1 |
RM 830,000
|
- |
RM 404.00
|
- |
TMN MERAK in Seberang Perai Selatan, Penang recorded 36 subsale transactions in 2022, with a median price of RM 258K and a median price per square foot (PSF) of RM 230.
This area contains both residential and commercial properties. View 94 residential properties or 15 commercial properties separately for more focused analysis.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 258K, with most transactions falling within a stable range of RM 160K to RM 367K, and a typical market range of RM 220K to RM 295K.
Most transactions involved 1 - 1 1/2 storey terraced, with high diversity across multiple property types.
Price per square foot shows a median of RM 230, though individual units vary from RM 141 to RM 319 in the core range. The broader market spans RM 186.50 to RM 273.50, indicating diverse property characteristics. A wider spread (IQR: RM 87.00) and deviation (MAD: RM 89) 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. Moderate transaction volume may require patience when buying or selling.
Filter by type, year, price, and size
Transactions
36 properties grouped by size
| Road | Price | PSF | Size | Date | Type |
|---|
|
LORONG MERAK 6
|
RM 225,000
|
RM 225.00
|
1,001 sqft
|
Nov 2022
|
Single Storey Terraced |
|
LORONG MERAK 7
|
RM 244,000
|
RM 244.00
|
1,001 sqft
|
Nov 2022
|
Single Storey Terraced |
|
LORONG MERAK 37
|
RM 224,000
|
RM 224.00
|
1,001 sqft
|
Nov 2022
|
Single Storey Terraced |
|
LORONG MERAK 42
|
RM 180,000
|
RM 180.00
|
1,001 sqft
|
Oct 2022
|
Low-Cost House |
|
LORONG MERAK 25
|
RM 233,000
|
RM 233.00
|
1,001 sqft
|
Sep 2022
|
Low-Cost House |
|
LORONG MERAK 42
|
RM 260,000
|
RM 260.00
|
1,001 sqft
|
Sep 2022
|
Single Storey Terraced |
|
LRG MERAK 60
|
RM 230,000
|
RM 209.00
|
1,098 sqft
|
Jun 2022
|
|
LORONG MERAK 65
|
RM 255,000
|
RM 213.00
|
1,195 sqft
|
Oct 2022
|
Double Storey Shop |
|
JALAN KENDI
|
RM 600,000
|
RM 502.00
|
1,195 sqft
|
Aug 2022
|
Double Storey Shop |
|
JLN MERAK 2
|
RM 240,000
|
RM 201.00
|
1,195 sqft
|
May 2022
|
Single Storey Shop |
|
LRG KENDI 4
|
RM 422,000
|
RM 353.00
|
1,195 sqft
|
May 2022
|
Double Storey Terraced |
|
LORONG KENDI 6
|
RM 465,000
|
RM 389.00
|
1,195 sqft
|
Apr 2022
|
Double Storey Terraced |
|
LORONG MERAK 65
|
RM 275,000
|
RM 230.00
|
1,195 sqft
|
Jan 2022
|
Double Storey Shop |
|
LORONG KENDI 6
|
RM 390,000
|
RM 326.00
|
1,195 sqft
|
Jan 2022
|
Double Storey Terraced |
|
JALAN KENDI
|
RM 700,000
|
RM 500.00
|
1,399 sqft
|
Feb 2022
|
|
LORONG MERAK 5
|
RM 300,000
|
RM 199.00
|
1,507 sqft
|
Jul 2022
|
|
LORONG SIMPANG AMPAT 1
|
RM 272,000
|
RM 178.00
|
1,528 sqft
|
Jan 2022
|
|
LORONG MERAK 24
|
RM 270,000
|
RM 162.00
|
1,668 sqft
|
Feb 2022
|
|
|
LRG. MERAK 30
|
RM 290,000
|
RM 175.00
|
1,658 sqft
|
Feb 2022
|
|
LORONG SIMPANG AMPAT 1
|
RM 420,000
|
RM 205.00
|
2,045 sqft
|
Apr 2022
|
|
LORONG MERAK 4
|
RM 240,000
|
RM 114.00
|
2,110 sqft
|
Aug 2022
|
|
LORONG MERAK 16
|
RM 180,000
|
RM 76.00
|
2,357 sqft
|
Nov 2022
|
|
LORONG MERAK 2
|
RM 250,000
|
RM 101.00
|
2,476 sqft
|
Aug 2022
|