|
Road
|
Price
|
PSF
|
Size
|
Date
|
Type
|
|---|---|---|---|---|---|
| 2023 | |||||
|
Jalan Merak Mas 1/1A
|
RM 599,000
|
RM 281
|
2,131 sqft
|
|
2-Sty Terrace |
|
Jalan Merak Mas 1/1A
|
RM 430,000
|
RM 258
|
1,668 sqft
|
|
2-Sty Terrace |
|
Jalan Mm 1/2
|
RM 800,000
|
RM 427
|
1,873 sqft
|
|
2-Sty Terrace |
|
Lorong 1
|
RM 450,000
|
RM 312
|
1,442 sqft
|
|
2-Sty Terrace |
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Market Snapshot
ResidentialRM 524,500
RM 297 psfMedian transaction price
Jalan Bukit Baru, Melaka, Malaysia
MapsTaman 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 297.
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.
Price per square foot shows a median of RM 297, though individual units vary from RM 231 to RM 362 in the core range. The broader market spans RM 273.27 to RM 319.77, indicating diverse property characteristics. The spread of RM 46.50 (IQR) and deviation of RM 65 (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.