Taman Merak
Lorong Merak 14, Taman Merak, 14100 Simpang Ampat, Pulau Pinang, Malaysia
Lorong Merak 14, Taman Merak, 14100 Simpang Ampat, Pulau Pinang, Malaysia
|
Road
|
Price
|
PSF
|
Size
|
Date
|
Type
|
|---|---|---|---|---|---|
| 2025 | |||||
|
Level 5
|
RM 99,000
|
RM 184
|
538 sqft
|
|
LC Flat |
|
Level 2
|
RM 140,000
|
RM 260
|
538 sqft
|
|
LC Flat |
| 2024 | |||||
|
Level 1
|
RM 60,000
|
RM 111
|
538 sqft
|
|
LC Flat |
|
Level 4
|
RM 52,000
|
RM 97
|
538 sqft
|
|
LC Flat |
|
Level G
|
RM 110,000
|
RM 204
|
538 sqft
|
|
LC Flat |
|
Level 4
|
RM 53,000
|
RM 98
|
538 sqft
|
|
LC Flat |
| 2023 | |||||
|
Level 4
|
RM 53,000
|
RM 98
|
538 sqft
|
|
LC Flat |
|
Level 2
|
RM 80,000
|
RM 149
|
538 sqft
|
|
LC Flat |
|
Jalan Merak 2
|
RM 280,000
|
RM 325
|
861 sqft
|
|
1-Sty Shop |
|
Lorong. Merak 2
|
RM 280,000
|
RM 283
|
990 sqft
|
|
LC House |
| 2022 | |||||
|
Jalan Merak 2
|
RM 240,000
|
RM 279
|
861 sqft
|
|
1-Sty Shop |
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Market Snapshot
RM 80,000
RM 149 psfMedian transaction price
RM 260,000
RM 302 psfMedian transaction price
Lorong Merak 14, Taman Merak, 14100 Simpang Ampat, Pulau Pinang, Malaysia
MapsTaman Merak in Seberang Perai Selatan, Penang recorded 11 subsale transactions between 2021 and 2026, priced up to RM 300K and up to 1,000 sqft, with a median price of RM 99K and a median price per square foot (PSF) of RM 184.
This area contains both residential and commercial properties. View 104 residential properties or 17 commercial properties separately for more focused analysis.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 99K, with most transactions falling within a stable range of RM 52K to RM 186K, and a typical market range of RM 59K to RM 139K.
Most transactions involved 1 - 1 1/2 storey terraced, with high diversity across multiple property types.
Price per square foot shows a median of RM 184, though individual units vary from RM 102 to RM 266 in the core range. The broader market spans RM 142.45 to RM 225.45, indicating diverse property characteristics. A wider spread (IQR: RM 83.00) and deviation (MAD: RM 82) 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. Limited transaction history suggests carefully evaluating comparable sales data.