Taman Merak
Hot Area · Top 1%Lorong Merak 14, Taman Merak, 14100 Simpang Ampat, Pulau Pinang, Malaysia
| Road | Price | PSF | Size | Date | Type |
|---|
|
Level 5
|
RM 99,000
|
RM 184
|
538 sqft
|
|
|
|
Level 2
|
RM 140,000
|
RM 260
|
538 sqft
|
|
|
|
Level 1
|
RM 60,000
|
RM 111
|
538 sqft
|
|
|
|
Level 4
|
RM 52,000
|
RM 97
|
538 sqft
|
|
|
|
Level G
|
RM 110,000
|
RM 204
|
538 sqft
|
|
|
|
Level 4
|
RM 53,000
|
RM 98
|
538 sqft
|
|
|
|
Level 4
|
RM 53,000
|
RM 98
|
538 sqft
|
|
|
|
Level 2
|
RM 80,000
|
RM 149
|
538 sqft
|
|
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Market Snapshot
RM 70,000
RM 130 psfMedian transaction price
RM 420,000
RM 243 psfMedian transaction price
Lorong Merak 14, Taman Merak, 14100 Simpang Ampat, Pulau Pinang, Malaysia
MapsTaman Merak in Seberang Perai Selatan, Penang recorded 8 Low-Cost Flat properties subsale transactions between 2021 and 2026, with a median price of RM 70K and a median price per square foot (PSF) of RM 130.
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 70K, with most transactions falling within a stable range of RM 52K to RM 101K, and a typical market range of RM 52K to RM 110K.
Within the Low-Cost Flat category, 1 - 1 1/2 storey terraced dominated the market, with high diversity across multiple property types.
Price per square foot shows a median of RM 130, though individual units vary from RM 73 to RM 187 in the core range. The broader market spans RM 88.56 to RM 171.56, indicating diverse property characteristics. A wider spread (IQR: RM 83.00) and deviation (MAD: RM 57) 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.