Area Intelligence

TMN MERAK JAYA

12 properties
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Median Price
RM 292,500
PSF: RM 245

Residential Market

Median Price

RM 292,500

IQR: RM 89
MAD: RM 43
RM 245 PSF 1.5%

PSF Trends (2021-2025)

Commercial Market

Median Price

RM 625,000

IQR: RM 18
MAD: RM 18
RM 325 PSF

PSF Trends (2021-2025)

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.

Area Location

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TMN MERAK JAYA, Seberang Perai Selatan, Penang

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Transactions

12 properties grouped by size

1,200 sqft
12 units (showing 6) Single Storey Terraced
RM 325,000
LORONG MERAK 64
1,195 sqft · RM 272.00 PSF
Jul 2024
RM 300,000
LORONG MERAK 64
1,195 sqft · RM 251.00 PSF
Mar 2024
RM 320,000
LORONG MERAK JAYA 3
1,195 sqft · RM 268.00 PSF
Mar 2024
RM 300,000
LORONG MERAK JAYA 59
1,195 sqft · RM 251.00 PSF
Mar 2024
RM 350,000
LORONG MERAK JAYA 58
1,195 sqft · RM 293.00 PSF
Dec 2023
RM 250,000
LORONG MERAK JAYA 59
1,195 sqft · RM 209.00 PSF
Feb 2023