Area Intelligence

TAMAN SERI MERBAU

3 properties
Double Storey Terraced
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Median Price
RM 600,000
PSF: RM 378

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 3 Double Storey Terraced properties subsale transactions between 2021 and 2025 for double storey terraced properties, with a median price of RM 600K and a median price per square foot (PSF) of RM 378.

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. The median price is RM 600K, with most transactions falling within a stable range of RM 522K to RM 678K, and a typical market range of RM 528K to RM 672K.

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

Price per square foot shows a median of RM 378, though individual units vary from RM 256 to RM 500 in the core range. The broader market spans RM 307.38 to RM 448.63, indicating diverse property characteristics. A wider spread (IQR: RM 141.25) and deviation (MAD: RM 122) indicate significant PSF variations, likely due to diverse property types or conditions.

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

3 properties grouped by size

1,300 sqft
1 units Double Storey Terraced
RM 500,000
LORONG MERBAU JAYA 5
1,324 sqft · RM 378.00 PSF
Aug 2024
1,350 sqft
1 units Double Storey Terraced
RM 600,000
LORONG SERI MERBAU 2
1,335 sqft · RM 450.00 PSF
Apr 2022
4,250 sqft
1 units Double Storey Terraced
RM 690,000
LORONG MERBAU JAYA 5
4,263 sqft · RM 162.00 PSF
Apr 2022