Area Intelligence

TAMAN SERI MERBAU

1 properties
2024
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Median Price
RM 500,000
PSF: RM 378

Residential Market

Median Price

RM 500,000

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 subsale transactions in 2024, with a median price of RM 500K 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.

Most transactions involved 2 - 2 1/2 storey terraced, though some variety exists in the market.

For price per square foot, the median is RM 378, with most transactions between RM 378 and RM 378. The usual range is RM 307.38 to RM 448.63, 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

1,300 sqft
1 units Double Storey Terraced
RM 500,000
LORONG MERBAU JAYA 5
1,324 sqft · RM 378.00 PSF
Aug 2024