Area Intelligence

TMN MERBAU INDAH

12 properties
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Median Price
RM 134,500
PSF: RM 224

Residential Market

Median Price

RM 127,500

IQR: RM 203
MAD: RM 95
RM 212 PSF 2.5%

PSF Trends (2021-2025)

Commercial Market

Median Price

RM 162,500

IQR: RM 222
MAD: RM 178
RM 265 PSF 16.3%

PSF Trends (2021-2025)

PROPERTY TYPES OVERVIEW

TMN MERBAU INDAH in Seberang Perai Utara, Penang recorded 12 subsale transactions between 2021 and 2025, with a median price of RM 135K and a median price per square foot (PSF) of RM 224.

This area contains both residential and commercial properties. View 59 residential properties or 11 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 135K, with most transactions falling within a stable range of RM 110K to RM 159K, and a typical market range of RM 85K to RM 165K.

Most transactions involved 2 - 2 1/2 storey terraced, with high diversity across multiple property types.

The median PSF stands at RM 224, with core pricing between RM 184 and RM 263. Market pricing typically extends from RM 118.50 to RM 328.50, reflecting moderate variation in unit pricing. The spread of RM 210.00 (IQR) and deviation of RM 40 (MAD) suggest moderate price variations reflecting different property features.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.

Area Location

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TMN MERBAU INDAH, Seberang Perai Utara, Penang

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Transactions

12 properties grouped by size

600 sqft
12 units (showing 6)
RM 139,000
Low-Cost Flat
603 sqft · RM 231.00 PSF
Nov 2024
RM 160,000
Shop/Retail Lot
603 sqft · RM 265.00 PSF
May 2024
RM 165,000
Shop/Retail Lot
624 sqft · RM 264.00 PSF
Feb 2024
RM 125,000
Low-Cost Flat
603 sqft · RM 207.00 PSF
Jan 2024
RM 120,000
Low-Cost Flat
603 sqft · RM 199.00 PSF
Dec 2023
RM 155,000
Low-Cost Flat
603 sqft · RM 257.00 PSF
Jun 2023