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 |
|---|
|
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
|
|
|
Lorong Merak 52
|
RM 260,000
|
RM 228
|
1,141 sqft
|
|
|
|
Lorong Merak Jaya 53
|
RM 285,000
|
RM 250
|
1,141 sqft
|
|
|
Lorong Merak 64
|
RM 312,000
|
RM 261
|
1,195 sqft
|
|
|
|
Lorong Merak Jaya 2
|
RM 370,000
|
RM 310
|
1,195 sqft
|
|
|
|
Lorong Merak 64
|
RM 325,000
|
RM 272
|
1,195 sqft
|
|
|
|
Lorong Merak 64
|
RM 300,000
|
RM 251
|
1,195 sqft
|
|
|
|
Lorong Merak Jaya 59
|
RM 300,000
|
RM 251
|
1,195 sqft
|
|
|
|
Lorong Merak Jaya 3
|
RM 320,000
|
RM 268
|
1,195 sqft
|
|
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Market Snapshot
ResidentialRM 305,000
RM 228 psfMedian transaction price
14, Taman Merak Jaya, Taman Merak, 14100 Simpang Ampat, Pulau Pinang, Malaysia
MapsTaman Merak Jaya in Seberang Perai Selatan, Penang recorded 40 Single Storey Terraced properties subsale transactions between 2021 and 2026, with a median price of RM 305K and a median price per square foot (PSF) of RM 228.
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 305K, with most transactions falling within a stable range of RM 256K to RM 354K, and a typical market range of RM 210K to RM 420K.
Within the Single Storey Terraced category, low-cost flat dominated the market, with moderate diversity in property types available.
Price per square foot shows a median of RM 228, though individual units vary from RM 177 to RM 279 in the core range. The broader market spans RM 182.79 to RM 272.79, indicating diverse property characteristics. The spread of RM 90.00 (IQR) and deviation of RM 51 (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. Some price volatility exists, making thorough market research essential before transacting. Moderate transaction volume may require patience when buying or selling.