Taman Merak

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

Property Transactions

8 subsales grouped by size

Median
RM 290,000
PSF
RM 258
Price Size
Period
transactions middle 50% (P25–P75)
RM 220,000
Lorong Merak 1
1,001 sqft · RM 220 PSF
RM 250,000
Lorong Merak 1
1,012 sqft · RM 247 PSF
RM 310,000
Lorong Merak 17
1,001 sqft · RM 310 PSF
RM 310,000
Lorong Merak 17
1,001 sqft · RM 310 PSF
1,050 sqft
LC House
RM 280,000
Lorong Merak 39
1,044 sqft · RM 268 PSF
1,100 sqft
LC House
RM 300,000
Lorong 27
1,098 sqft · RM 273 PSF
1,500 sqft
Terrace
RM 180,000
Lorong Merak 2
1,507 sqft · RM 119 PSF
2,150 sqft
Terrace
RM 360,000
Lorong Merak 27
2,131 sqft · RM 169 PSF
Legend Recent Highest Price Highest PSF

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Market Snapshot

RM 290,000

RM 258 psf

Median transaction price

RM 420,000

RM 243 psf

Median transaction price

Taman Merak
© OpenStreetMap · CARTO

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

Maps

Taman Merak in Seberang Perai Selatan, Penang recorded 8 subsale transactions in 2021, with a median price of RM 290K and a median price per square foot (PSF) of RM 258.

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 290K, with most transactions falling within a stable range of RM 236K to RM 344K, and a typical market range of RM 250K to RM 330K.

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 258, though individual units vary from RM 195 to RM 321 in the core range. The broader market spans RM 216.13 to RM 299.13, indicating diverse property characteristics. The spread of RM 83.00 (IQR) and deviation of RM 63 (MAD) suggest moderate price variations reflecting different property features.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.