TAMAN MERAK MAS

TAMAN MERAK MAS in Melaka Tengah, Melaka recorded 4 subsale transactions in 2023, with a median price of RM 525K and a median price per square foot (PSF) of RM 286.

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 525K, with most transactions falling within a stable range of RM 430K to RM 673K, and a typical market range of RM 430K to RM 627K.

Most transactions involved 2 - 2 1/2 storey terraced, with minimal variety in property types.

The median PSF stands at RM 286, with core pricing between RM 231 and RM 340. Market pricing typically extends from RM 262.25 to RM 308.75, reflecting moderate variation in unit pricing. The spread of RM 46.50 (IQR) and deviation of RM 54 (MAD) suggest moderate price variations reflecting different property features.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.