TMN MERAK
Residential Market
Median Price
RM 290,000
PSF Trends (2021-2025)
Commercial Market
Median Price
RM 350,000
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 8 subsale transactions in 2021, with a median price of RM 290K and a median price per square foot (PSF) of RM 258.
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 290K, with most transactions falling within a stable range of RM 236K to RM 344K, and a typical market range of RM 253K to RM 328K.
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 258, though individual units vary from RM 194 to RM 321 in the core range. The broader market spans RM 214.00 to RM 301.00, indicating diverse property characteristics. The spread of RM 87.00 (IQR) and deviation of RM 63 (MAD) suggest moderate price variations reflecting different property features.
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.
Filter by type, year, price, and size
Transactions
8 properties grouped by size
| Road | Price | PSF | Size | Date | Type |
|---|
|
LORONG MERAK 1
|
RM 220,000
|
RM 220.00
|
1,001 sqft
|
Dec 2021
|
Single Storey Terraced |
|
LORONG MERAK 1
|
RM 250,000
|
RM 247.00
|
1,012 sqft
|
Dec 2021
|
Single Storey Terraced |
|
LORONG MERAK 17
|
RM 310,000
|
RM 310.00
|
1,001 sqft
|
Dec 2021
|
Single Storey Terraced |
|
LORONG MERAK 17
|
RM 310,000
|
RM 310.00
|
1,001 sqft
|
Dec 2021
|
Low-Cost House |
|
LORONG MERAK 39
|
RM 280,000
|
RM 268.00
|
1,044 sqft
|
Dec 2021
|
|
LORONG 27
|
RM 300,000
|
RM 273.00
|
1,098 sqft
|
Dec 2021
|
|
LORONG MERAK 2
|
RM 180,000
|
RM 119.00
|
1,507 sqft
|
Dec 2021
|
|
LORONG MERAK 27
|
RM 360,000
|
RM 169.00
|
2,131 sqft
|
Oct 2021
|