Taman Merak Jaya
14, Taman Merak Jaya, Taman Merak, 14100 Simpang Ampat, Pulau Pinang, Malaysia
14, Taman Merak Jaya, Taman Merak, 14100 Simpang Ampat, Pulau Pinang, Malaysia
Property Type
| Road | Price | PSF | Size | Date | Type |
|---|
|
Level 3
|
RM 110,000
|
RM 216
|
510 sqft
|
|
|
|
Level 4
|
RM 50,000
|
RM 98
|
510 sqft
|
|
|
Level G
|
RM 120,000
|
RM 223
|
538 sqft
|
|
|
|
Level 3
|
RM 75,000
|
RM 139
|
538 sqft
|
|
|
|
Level 3
|
RM 90,000
|
RM 167
|
538 sqft
|
|
|
|
Level 3
|
RM 120,000
|
RM 223
|
538 sqft
|
|
|
|
Level 1
|
RM 87,000
|
RM 162
|
538 sqft
|
|
|
|
Level 4
|
RM 120,000
|
RM 223
|
538 sqft
|
|
|
Lorong Merak 62
|
RM 420,000
|
RM 383
|
1,098 sqft
|
|
|
|
Jalan Merak 5
|
RM 355,000
|
RM 323
|
1,098 sqft
|
|
|
|
Lorong Merak 61
|
RM 260,000
|
RM 237
|
1,098 sqft
|
|
|
|
Lorong Merak 61
|
RM 340,000
|
RM 310
|
1,098 sqft
|
|
|
|
Lorong Merak Jaya 51
|
RM 250,000
|
RM 228
|
1,098 sqft
|
|
|
|
Lorong Merak 49
|
RM 330,000
|
RM 301
|
1,098 sqft
|
|
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Market Snapshot
ResidentialRM 165,000
RM 190 psfMedian transaction price
14, Taman Merak Jaya, Taman Merak, 14100 Simpang Ampat, Pulau Pinang, Malaysia
MapsTaman Merak Jaya in Seberang Perai Selatan, Penang recorded 84 subsale transactions between 2021 and 2026, with a median price of RM 230K and a median price per square foot (PSF) of RM 223.
This area contains both residential and commercial properties. View 82 residential properties or 2 commercial properties separately for more focused analysis.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 230K, with most transactions falling within a stable range of RM 105K to RM 356K, and a typical market range of RM 113K to RM 347K.
Most transactions involved low-cost flat, with moderate diversity in property types available.
The median PSF stands at RM 223, with core pricing between RM 178 and RM 267. Market pricing typically extends from RM 177.97 to RM 267.97, reflecting moderate variation in unit pricing. The spread of RM 90.00 (IQR) and deviation of RM 45 (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. Moderate transaction volume may require patience when buying or selling.