TAMAN MERAK MAS in Alor Gajah, Melaka recorded 3 subsale transactions in 2021, with a median price of RM 92K and a median price per square foot (PSF) of RM 129.
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 92K, with most transactions falling within a stable range of RM 90K to RM 153K, and a typical market range of RM 90K to RM 183K.
Most transactions involved town house, with high diversity across multiple property types.
For price per square foot, the median is RM 129, with most transactions between RM 122 and RM 136. The usual range is RM 111.88 to RM 146.13, 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 7 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.
