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 |
|---|
|
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
|
|
|
Lorong Merak 42
|
RM 228,000
|
RM 228
|
1,001 sqft
|
|
Terrace |
|
Lorong Merak 33
|
RM 300,000
|
RM 300
|
1,001 sqft
|
|
Terrace |
|
Lorong Merak 17
|
RM 285,000
|
RM 285
|
1,001 sqft
|
|
LC House |
|
Jalan. Merak 1
|
RM 325,000
|
RM 325
|
1,001 sqft
|
|
Terrace |
|
Lorong Merak 10
|
RM 330,000
|
RM 330
|
1,001 sqft
|
|
Terrace |
|
Lorong. Merak 8
|
RM 340,000
|
RM 343
|
990 sqft
|
|
Terrace |
|
Jalan Merak 4
|
RM 300,000
|
RM 290
|
1,033 sqft
|
|
|
Lorong Merak 5
|
RM 325,000
|
RM 217
|
1,496 sqft
|
|
|
Lorong Merak 5
|
RM 380,000
|
RM 242
|
1,572 sqft
|
|
|
Lorong Merak 5
|
RM 360,000
|
RM 171
|
2,110 sqft
|
|
|
Lorong Merak 47
|
RM 530,000
|
RM 234
|
2,260 sqft
|
|
|
Jalan Simpang Ampat
|
RM 830,000
|
RM 139
|
5,974 sqft
|
|
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Market Snapshot
RM 293,000
RM 281 psfMedian transaction price
RM 680,000
RM 187 psfMedian transaction price
Lorong Merak 14, Taman Merak, 14100 Simpang Ampat, Pulau Pinang, Malaysia
MapsTaman Merak in Seberang Perai Selatan, Penang recorded 28 subsale transactions in 2024, with a median price of RM 298K and a median price per square foot (PSF) of RM 273.
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 298K, with most transactions falling within a stable range of RM 153K to RM 442K, and a typical market range of RM 258K to RM 338K.
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 273, though individual units vary from RM 201 to RM 345 in the core range. The broader market spans RM 231.73 to RM 314.73, indicating diverse property characteristics. A wider spread (IQR: RM 83.00) and deviation (MAD: RM 72) 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. Some price volatility exists, making thorough market research essential before transacting. Moderate transaction volume may require patience when buying or selling.