Taman Merak Jaya

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

Property Transactions

26 subsales grouped by size

Median
RM 180,000
PSF
RM 188
Price Size
Period
transactions middle 50% (P25–P75)
500 sqft
LC Flat
RM 50,000
Level 4
510 sqft · RM 98 PSF
550 sqft
LC Flat
RM 85,000
Level 4
538 sqft · RM 158 PSF
RM 100,000
Level 1
538 sqft · RM 186 PSF
RM 80,000
Level 4
538 sqft · RM 149 PSF
RM 77,000
Level 2
538 sqft · RM 143 PSF
RM 110,000
Level 4
538 sqft · RM 204 PSF
RM 87,000
Level 3
538 sqft · RM 162 PSF
1,100 sqft
Terrace
RM 250,000
Lorong Merak Jaya 51
1,098 sqft · RM 228 PSF
RM 330,000
Lorong Merak 49
1,098 sqft · RM 301 PSF
RM 280,000
Lorong Merak 60
1,098 sqft · RM 255 PSF
1,150 sqft
Terrace
RM 260,000
Lorong Merak 52
1,141 sqft · RM 228 PSF
1,200 sqft
Terrace
RM 350,000
Lorong Merak Jaya 58
1,195 sqft · RM 293 PSF
RM 250,000
Lorong Merak Jaya 59
1,195 sqft · RM 209 PSF
RM 325,000
Lorong Merak 58
1,195 sqft · RM 272 PSF
26
transactions

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Market Snapshot

Residential

RM 180,000

RM 188 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 26 subsale transactions in 2023, with a median price of RM 180K and a median price per square foot (PSF) of RM 188.

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 180K, with most transactions falling within a stable range of RM 67K to RM 293K, and a typical market range of RM 63K to RM 297K.

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

Price per square foot shows a median of RM 188, though individual units vary from RM 136 to RM 241 in the core range. The broader market spans RM 143.27 to RM 233.27, indicating diverse property characteristics. A wider spread (IQR: RM 90.00) and deviation (MAD: RM 53) 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.