Melaka
Alor Gajah
Durian Tunggal
TAMAN MERAK MAS

TAMAN MERAK MAS

Area Intelligence

2024

Median Price

RM 315,000

PSF: RM 112

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Residential PSF Trends

Median Price

RM 315,000

PSF: RM 112

TAMAN MERAK MAS in Alor Gajah, Melaka recorded 4 subsale transactions in 2024, with a median price of RM 315K and a median price per square foot (PSF) of RM 112.

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 315K, with most transactions falling within a stable range of RM 350K to RM 324K, and a typical market range of RM 350K to RM 367K.

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

For price per square foot, the median is RM 112, with most transactions between RM 109 and RM 115. The usual range is RM 94.88 to RM 129.13, 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 3 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. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.

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TAMAN MERAK MAS, Alor Gajah, Melaka

OSM