TAMAN MERAK (P.LOT 1717) in Melaka Tengah, Melaka recorded 4 subsale transactions in 2021, with a median price of RM 529K and a median price per square foot (PSF) of RM 245.
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 529K, with most transactions falling within a stable range of RM 447K to RM 610K, and a typical market range of RM 400K to RM 657K.
Most transactions involved cluster house, with high diversity across multiple property types.
For price per square foot, the median is RM 245, with most transactions between RM 230 and RM 260. The usual range is RM 230.00 to RM 260.00, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 30.00 and an average deviation (MAD) of RM 15 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. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.
