| Road | Price | PSF | Size | Date | Type |
|---|
|
Level 6
|
RM 380,000
|
RM 357
|
1,066 sqft
|
|
|
|
Level 9
|
RM 380,000
|
RM 357
|
1,066 sqft
|
|
|
|
Level 7
|
RM 420,000
|
RM 394
|
1,066 sqft
|
|
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Market Snapshot
ResidentialRM 390,500
RM 375 psfMedian transaction price
Jalan Bukit Baru, Melaka, Malaysia
MapsResidensi Merak Kayangan in Melaka Tengah, Melaka recorded 4 subsale transactions in 2023, with a median price of RM 391K and a median price per square foot (PSF) of RM 375.
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 391K, with most transactions falling within a stable range of RM 380K to RM 407K, and a typical market range of RM 380K to RM 411K.
Most transactions involved condominium/apartment, with minimal variety in property types.
For price per square foot, the median is RM 375, with most transactions between RM 340 and RM 411. The usual range is RM 351.36 to RM 399.36, 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 36 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.