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.

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 153 and RM 153. 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 0 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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