Kawasan Perniagaan Taman Merak

14100 Simpang Ampat, Pulau Pinang, Malaysia

Property Transactions

6 subsales found

Median
RM492,500
PSF
RM313
Period
transactions middle 50% (P25–P75)
RM495,000
Lorong Kendi 9
1,582 sqft RM313 PSF
RM480,000
Lorong Kendi 8
1,582 sqft RM303 PSF
RM490,000
Lorong Kendi 8
1,582 sqft RM310 PSF
RM500,000
Lorong Kendi 9
1,582 sqft RM316 PSF
RM550,000
Lorong Kendi 9
1,582 sqft RM348 PSF
RM380,000
Lorong Kendi 9
1,582 sqft RM240 PSF
Legend Recent Highest Price Highest PSF

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Market Snapshot

Residential

RM492,500

RM412 psf

Median transaction price

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Kawasan Perniagaan Taman Merak, 14100 Simpang Ampat, Pulau Pinang, Malaysia

Maps

Kawasan Perniagaan Taman Merak in Seberang Perai Selatan, Penang recorded 6 subsale transactions between 2021 and 2026, with a median price of RM493K and a median price per square foot (PSF) of RM313.

This area consists exclusively of residential properties, with no commercial listings recorded.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM493K, with most transactions falling within a stable range of RM483K to RM503K, and a typical market range of RM484K to RM501K.

Most transactions involved 2 - 2 1/2 storey terraced, with minimal variety in property types.

For price per square foot, the median is RM313, with most transactions between RM305 and RM321. The usual range is RM306.34 to RM319.34, showing that most units are priced quite close to each other. A typical spread (IQR) of RM13.00 and an average deviation (MAD) of RM8 indicate a highly stable PSF trend across properties.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.