TAMAN MERAK MAS in Alor Gajah, Melaka recorded 1 subsale transactions in 2022, with a median price of RM 220K and a median price per square foot (PSF) of RM 143.
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 220K, with most transactions falling within a stable range of RM 105K to RM 335K, and a typical market range of RM 129K to RM 311K.
Most transactions involved town house, with high diversity across multiple property types.
The median PSF stands at RM 143, with core pricing between RM 120 and RM 167. Market pricing typically extends from RM 125.88 to RM 160.13, reflecting moderate variation in unit pricing. The spread of RM 34.25 (IQR) and deviation of RM 24 (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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.
