TMN MERAK JAYA
Residential Market
Median Price
RM 292,500
PSF Trends (2021-2025)
Commercial Market
Median Price
RM 625,000
PSF Trends (2021-2025)
PROPERTY TYPES OVERVIEW
Low-Cost Flat
39 properties
Median Price
RM 80,000
+16.0% CAGR
Median PSF
RM 149.00
+15.9% CAGR
Single Storey Terraced
35 properties
Median Price
RM 300,000
+5.6% CAGR
Median PSF
RM 239.00
+7.8% CAGR
Double Storey Shop
2 properties
Median Price
RM 625,000
Median PSF
RM 324.50
Detached
1 properties
Median Price
RM 799,000
Median PSF
RM 25.00
Property Type | Properties | Median Price | Price CAGR | Median PSF | PSF CAGR | |
---|---|---|---|---|---|---|
Low-Cost Flat | 39 |
RM 80,000
±22K MAD
|
+16.00% |
RM 149.00
±41 MAD
|
+15.92% | |
Single Storey Terraced | 35 |
RM 300,000
±23K MAD
|
+5.64% |
RM 239.00
±13 MAD
|
+7.82% | |
Double Storey Shop | 2 |
RM 625,000
|
- |
RM 324.50
|
- | |
Detached | 1 |
RM 799,000
|
- |
RM 25.00
|
- |
TMN MERAK JAYA in Seberang Perai Selatan, Penang recorded 12 subsale transactions between 2021 and 2025, with a median price of RM 293K and a median price per square foot (PSF) of RM 245.
This area contains both residential and commercial properties. View 75 residential properties or 2 commercial properties separately for more focused analysis.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 293K, with most transactions falling within a stable range of RM 253K to RM 332K, and a typical market range of RM 210K to RM 350K.
Most transactions involved low-cost flat, with moderate diversity in property types available.
The median PSF stands at RM 245, with core pricing between RM 212 and RM 278. Market pricing typically extends from RM 200.50 to RM 289.50, reflecting moderate variation in unit pricing. With an IQR of RM 89.00 and MAD of RM 33, the PSF demonstrates reasonable consistency across the market.
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.
Filter by type, year, price, and size
Transactions
12 properties found
Type
|
Road
|
Price
|
PSF
|
Area
|
Date
|
---|---|---|---|---|---|
Single Storey Terraced |
LORONG MERAK 64
|
RM 325,000
|
RM 272.00
|
1,195 sqft
|
Jul 2024
|
Single Storey Terraced |
LORONG MERAK 64
|
RM 300,000
|
RM 251.00
|
1,195 sqft
|
Mar 2024
|
Single Storey Terraced |
LORONG MERAK JAYA 3
|
RM 320,000
|
RM 268.00
|
1,195 sqft
|
Mar 2024
|
Single Storey Terraced |
LORONG MERAK JAYA 59
|
RM 300,000
|
RM 251.00
|
1,195 sqft
|
Mar 2024
|
Single Storey Terraced |
LORONG MERAK JAYA 58
|
RM 350,000
|
RM 293.00
|
1,195 sqft
|
Dec 2023
|
Single Storey Terraced |
LORONG MERAK JAYA 59
|
RM 250,000
|
RM 209.00
|
1,195 sqft
|
Feb 2023
|
Single Storey Terraced |
LORONG MERAK 50
|
RM 270,000
|
RM 226.00
|
1,195 sqft
|
Jan 2023
|
Single Storey Terraced |
LORONG MERAK 58
|
RM 325,000
|
RM 272.00
|
1,195 sqft
|
Jan 2023
|
Single Storey Terraced |
LORONG MERAK JAYA 3
|
RM 210,000
|
RM 176.00
|
1,195 sqft
|
Jun 2022
|
Single Storey Terraced |
LORONG MERAK JAYA 59
|
RM 250,000
|
RM 209.00
|
1,195 sqft
|
May 2022
|
Single Storey Terraced |
LORONG MERAK 64
|
RM 285,000
|
RM 239.00
|
1,195 sqft
|
Nov 2021
|
Single Storey Terraced |
LORONGK MERAK JAYA 4
|
RM 255,000
|
RM 213.00
|
1,195 sqft
|
Oct 2021
|