Melaka
Alor Gajah
Durian Tunggal
TAMAN MERAK MAS

TAMAN MERAK MAS

Area Intelligence

2023

Median Price

RM 110,000

PSF: RM 155

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Residential PSF Trends

Median Price

RM 110,000

PSF: RM 155

TAMAN MERAK MAS in Alor Gajah, Melaka recorded 2 subsale transactions in 2023, with a median price of RM 110K and a median price per square foot (PSF) of RM 155.

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 110K, with most transactions falling within a stable range of RM 100K to RM 120K, and a typical market range of RM 100K to RM 120K.

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

For price per square foot, the median is RM 155, with most transactions between RM 143 and RM 166. The usual range is RM 137.38 to RM 171.63, 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 12 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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