TMN MERAK JAYA
Residential Market
Median Price
RM 120,000
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 2 Double Storey Shop properties subsale transactions between 2021 and 2025 for double storey shop properties, with a median price of RM 625K and a median price per square foot (PSF) of RM 325.
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 625K, with most transactions falling within a stable range of RM 430K to RM 820K, and a typical market range of RM 514K to RM 737K.
Within the Double Storey Shop category, low-cost flat dominated the market, with moderate diversity in property types available.
For price per square foot, the median is RM 325, with most transactions between RM 307 and RM 342. The usual range is RM 280.00 to RM 369.00, showing that most units are priced quite close to each other. With an IQR of RM 89.00 and MAD of RM 18, 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
2 properties grouped by size
Road | Price | PSF | Size | Date | Type |
---|
JLN MERAK 5
|
RM 430,000
|
RM 307.00
|
1,399 sqft
|
Feb 2024
|
JALAN MERAK 5
|
RM 820,000
|
RM 342.00
|
2,400 sqft
|
May 2024
|