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Market Snapshot
ResidentialRM 186,500
RM 159 psfMedian transaction price
Taman Mekar, 75350 Malacca, Malaysia
MapsTaman Mekar in Alor Gajah, Melaka recorded 0 subsale transactions in 2021, with a median price of RM 187K and a median price per square foot (PSF) of RM 159.
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 RM 187K, with most transactions falling within a stable range of RM 141K to RM 232K, and a typical market range of RM 157K to RM 217K.
Most transactions involved low-cost house, with moderate diversity in property types available.
The median PSF stands at RM 159, with core pricing between RM 129 and RM 190. Market pricing typically extends from RM 132.63 to RM 185.38, reflecting moderate variation in unit pricing. The spread of RM 52.75 (IQR) and deviation of RM 31 (MAD) suggest moderate price variations reflecting different property features.
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. Limited transaction history suggests carefully evaluating comparable sales data.