Area Intelligence

TAMAN SERI MERBAU

1 properties
Double Storey Shop
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Median Price
RM 808,000
PSF: RM 511

Residential Market

Median Price

RM 600,000

IQR: RM 144
MAD: RM 72
RM 378 PSF 11.1%

PSF Trends (2021-2025)

Commercial Market

Median Price

RM 808,000

RM 511 PSF

PSF Trends (2021-2025)

PROPERTY TYPES OVERVIEW

TAMAN SERI MERBAU in Seberang Perai Utara, Penang recorded 1 Double Storey Shop properties subsale transactions between 2021 and 2025 for double storey shop properties, with a median price of RM 808K and a median price per square foot (PSF) of RM 511.

This area contains both residential and commercial properties. View 3 residential properties or 1 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat.

Within the Double Storey Shop category, 2 - 2 1/2 storey terraced dominated the market, though some variety exists in the market.

For price per square foot, the median is RM 511, with most transactions between RM 511 and RM 511. The usual range is RM 440.38 to RM 581.63, showing that most units are priced quite close to each other. With an IQR of RM 141.25 and MAD of RM 0, 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.

Area Location

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TAMAN SERI MERBAU, Seberang Perai Utara, Penang

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Transactions

1 properties grouped by size

1,600 sqft
1 units Double Storey Shop
RM 808,000
LORONG MERBAU JAYA 1
1,582 sqft · RM 511.00 PSF
Aug 2023