TAMAN MERBAU JAYA

TAMAN MERBAU JAYA in Seberang Perai Utara, Penang recorded 4 subsale transactions in 2024, with a median price of RM 315K and a median price per square foot (PSF) of RM 263.

This area consists exclusively of residential properties, with no commercial listings recorded.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 315K, with most transactions falling within a stable range of RM 282K to RM 348K, and a typical market range of RM 283K to RM 348K.

Most transactions involved low-cost house, though some variety exists in the market.

The median PSF stands at RM 263, with core pricing between RM 225 and RM 300. Market pricing typically extends from RM 226.75 to RM 298.25, reflecting moderate variation in unit pricing. With an IQR of RM 71.50 and MAD of RM 37, the PSF demonstrates reasonable consistency across the market.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.