Area Intelligence

TMN MERAK

6 properties
Double Storey Terraced
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Median Price
RM 445,000
PSF: RM 373

Residential Market

Median Price

RM 445,000

IQR: RM 80
MAD: RM 40
RM 373 PSF 3.0%

PSF Trends (2021-2025)

Commercial Market

Median Price

RM 350,000

IQR: RM 157
MAD: RM 45
RM 232 PSF 17.8%

PSF Trends (2021-2025)

TMN MERAK in Seberang Perai Selatan, Penang recorded 6 Double Storey Terraced properties subsale transactions between 2021 and 2025 for double storey terraced properties, with a median price of RM 445K and a median price per square foot (PSF) of RM 373.

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 445K, with most transactions falling within a stable range of RM 416K to RM 474K, and a typical market range of RM 408K to RM 480K.

Within the Double Storey Terraced category, 1 - 1 1/2 storey terraced dominated the market, with high diversity across multiple property types.

For price per square foot, the median is RM 373, with most transactions between RM 348 and RM 397. The usual range is RM 329.00 to RM 416.00, showing that most units are priced quite close to each other. With an IQR of RM 87.00 and MAD of RM 25, 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. Despite diverse property types, prices remain relatively stable, offering options for different buyer preferences. Limited transaction history suggests carefully evaluating comparable sales data.

Area Location

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TMN MERAK, Seberang Perai Selatan, Penang

OSM

Transactions

6 properties grouped by size

1,200 sqft
6 units Double Storey Terraced
RM 480,000
LORONG KENDI 8
1,195 sqft · RM 402.00 PSF
Dec 2023
RM 440,000
LRG KENDI
1,195 sqft · RM 368.00 PSF
Jun 2023
RM 450,000
LORONG KENDI 8
1,195 sqft · RM 377.00 PSF
Mar 2023
RM 422,000
LRG KENDI 4
1,195 sqft · RM 353.00 PSF
May 2022
RM 465,000
LORONG KENDI 6
1,195 sqft · RM 389.00 PSF
Apr 2022
RM 390,000
LORONG KENDI 6
1,195 sqft · RM 326.00 PSF
Jan 2022