| Road | Price | PSF | Size | Date | Type |
|---|
|
Level 5
|
RM 401,000
|
RM 444
|
904 sqft
|
|
|
|
Level 5
|
RM 401,000
|
RM 444
|
904 sqft
|
|
|
Level 6
|
RM 380,000
|
RM 357
|
1,066 sqft
|
|
|
|
Level 9
|
RM 380,000
|
RM 357
|
1,066 sqft
|
|
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Market Snapshot
ResidentialRM 401,000
RM 438 psfMedian transaction price
Jalan Bukit Baru, Melaka, Malaysia
MapsResidensi Merak Kayangan in Melaka Tengah, Melaka recorded 5 subsale transactions between 2021 and 2026, with a median price of RM 401K and a median price per square foot (PSF) of RM 438.
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 401K, with most transactions falling within a stable range of RM 390K to RM 405K, and a typical market range of RM 381K to RM 405K.
Most transactions involved condominium/apartment, with minimal variety in property types.
For price per square foot, the median is RM 438, with most transactions between RM 396 and RM 479. The usual range is RM 413.51 to RM 461.51, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 48.00 and an average deviation (MAD) of RM 42 indicate a highly stable PSF trend across properties.
Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.