Area Intelligence

TMN MERAK JAYA

2 properties
Double Storey Shop
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Median Price
RM 625,000
PSF: RM 325

Residential Market

Median Price

RM 120,000

IQR: RM 89
MAD: RM 43
RM 186 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 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.

Area Location

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TMN MERAK JAYA, Seberang Perai Selatan, Penang

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Transactions

2 properties grouped by size

1,400 sqft
1 units Double Storey Shop
RM 430,000
JLN MERAK 5
1,399 sqft · RM 307.00 PSF
Feb 2024
2,400 sqft
1 units Double Storey Shop
RM 820,000
JALAN MERAK 5
2,400 sqft · RM 342.00 PSF
May 2024