Taman Merak Jaya

14, Taman Merak Jaya, Taman Merak, 14100 Simpang Ampat, Pulau Pinang, Malaysia

Property Transactions

23 subsales grouped by size

Median
RM 89,000
PSF
RM 139
Price Size
Period
transactions middle 50% (P25–P75)
550 sqft
LC Flat
RM 48,000
Level 4
538 sqft · RM 89 PSF
RM 55,000
Level 1
538 sqft · RM 102 PSF
RM 80,000
Level 3
538 sqft · RM 149 PSF
RM 75,000
Level 3
538 sqft · RM 139 PSF
RM 60,000
Level 3
538 sqft · RM 111 PSF
RM 40,000
Level 4
538 sqft · RM 74 PSF
+6 more
1,100 sqft
Terrace
RM 250,000
Lorong Merak 60
1,098 sqft · RM 228 PSF
RM 260,000
Lorong Merak 49
1,098 sqft · RM 237 PSF
1,200 sqft
Terrace
RM 210,000
Lorong Merak Jaya 3
1,195 sqft · RM 176 PSF
RM 250,000
Lorong Merak Jaya 59
1,195 sqft · RM 209 PSF
1,300 sqft
Terrace
RM 270,000
Lorong Merak Jaya 54
1,302 sqft · RM 207 PSF
1,450 sqft
Terrace
RM 330,000
Jalan Merak 5
1,453 sqft · RM 227 PSF
1,650 sqft
Terrace
RM 285,000
Jalan Merak 5
1,658 sqft · RM 172 PSF
1,800 sqft
Terrace
RM 300,000
Lorong Merak Jaya 59
1,798 sqft · RM 167 PSF
2,600 sqft
Terrace
RM 350,000
Lorong Merak Jaya 4
2,594 sqft · RM 135 PSF
2,900 sqft
Terrace
RM 350,000
Lorong Merak Jaya 3
2,895 sqft · RM 121 PSF
31,950 sqft
Bungalow
RM 799,000
Jalan Pa' Boi
31,973 sqft · RM 25 PSF
Legend Recent Highest Price Highest PSF

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Market Snapshot

Residential

RM 89,000

RM 139 psf

Median transaction price

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14, Taman Merak Jaya, Taman Merak, 14100 Simpang Ampat, Pulau Pinang, Malaysia

Maps

Taman Merak Jaya in Seberang Perai Selatan, Penang recorded 23 subsale transactions in 2022, with a median price of RM 89K and a median price per square foot (PSF) of RM 139.

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 89K, with most transactions falling within a stable range of RM 40K to RM 260K, and a typical market range of RM 40K to RM 206K.

Most transactions involved low-cost flat, with moderate diversity in property types available.

Price per square foot shows a median of RM 139, though individual units vary from RM 87 to RM 192 in the core range. The broader market spans RM 94.35 to RM 184.35, indicating diverse property characteristics. A wider spread (IQR: RM 90.00) and deviation (MAD: RM 52) indicate significant PSF variations, likely due to diverse property types or conditions.

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.