| Road | Price | PSF | Size | Date | Type |
|---|
|
Jalan Cempaka
|
RM 109,000
|
RM 99
|
1,098 sqft
|
|
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Market Snapshot
ResidentialRM 109,000
RM 99 psfMedian transaction price
Taman Mekar, 75350 Malacca, Malaysia
MapsTaman Mekar in Alor Gajah, Melaka recorded 1 subsale transactions in 2022, with a median price of RM 109K and a median price per square foot (PSF) of RM 99.
This area consists exclusively of residential properties, with no commercial listings recorded.
Price remained flat, and PSF growth was PSF remained flat.
Most transactions involved low-cost house, with moderate diversity in property types available.
For price per square foot, the median is RM 99, with most transactions between RM 99 and RM 99. The usual range is RM 72.91 to RM 125.66, showing that most units are priced quite close to each other. With an IQR of RM 52.75 and MAD of RM 0, the PSF demonstrates reasonable consistency across the market.
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.