Melaka
Alor Gajah
Durian Tunggal
TAMAN MERAK MAS

TAMAN MERAK MAS

Area Intelligence

2023

Median Price

RM 185,000

PSF: RM 153

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Residential PSF Trends

Median Price

RM 185,000

PSF: RM 153

TAMAN MERAK MAS in Alor Gajah, Melaka recorded 4 subsale transactions in 2023, with a median price of RM 185K and a median price per square foot (PSF) of RM 153.

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 185K, with most transactions falling within a stable range of RM 119K to RM 250K, and a typical market range of RM 100K to RM 250K.

Most transactions involved town house, with high diversity across multiple property types.

For price per square foot, the median is RM 153, with most transactions between RM 142 and RM 163. The usual range is RM 135.38 to RM 169.63, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 34.25 and an average deviation (MAD) of RM 10 indicate a highly stable PSF trend across properties.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.

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TAMAN MERAK MAS, Alor Gajah, Melaka

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Transactions

3 transactions found

Popular Ranges

Under RM 300k RM 300k - 500k RM 500k - 750k RM 750k - 1M RM 1M - 2M RM 2M+

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Size Range (sqft)

Popular Ranges

Under 1,000 sqft 1,000 - 2,000 sqft 2,000 - 3,000 sqft 3,000 - 5,000 sqft 5,000 - 10,000 sqft 10,000+ sqft

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RM 250,000

JALAN MERAK EMAS 5

1,539 sqft • RM 162.00 PSF

Dec 2023

RM 120,000

Level 1

721 sqft • RM 166.00 PSF

Jul 2023

RM 100,000

Level 2

700 sqft • RM 143.00 PSF

Mar 2023

Road	Price	Land PSF	Land	Date	Type
JALAN MERAK EMAS 5	RM 250,000	RM 162.00	1,539 sqft	Dec 2023	Single Storey Terraced
Level 1	RM 120,000	RM 166.00	721 sqft	Jul 2023	Town House
Level 2	RM 100,000	RM 143.00	700 sqft	Mar 2023	Town House