|
Road
|
Price
|
PSF
|
Size
|
Date
|
Type
|
|---|---|---|---|---|---|
| 2024 | |||||
|
Jalan M 3
|
RM 250,000
|
RM 192
|
1,302 sqft
|
|
Terrace |
|
Jalan M 6
|
RM 215,000
|
RM 165
|
1,302 sqft
|
|
Terrace |
| 2023 | |||||
|
Jalan M8
|
RM 230,000
|
RM 177
|
1,302 sqft
|
|
Terrace |
| 2022 | |||||
|
Jalan M 8
|
RM 250,000
|
RM 192
|
1,302 sqft
|
|
Terrace |
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Market Snapshot
ResidentialRM 240,000
RM 184 psfMedian transaction price
1717, Jalan Bukit Baru, 75150 Melaka, Malaysia
MapsTaman Merak (P.lot 1717) in Melaka Tengah, Melaka recorded 4 subsale transactions between 2021 and 2026, sized between 1,275 and 1,324 sqft, with a median price of RM 240K and a median price per square foot (PSF) of RM 184.
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 240K, with most transactions falling within a stable range of RM 225K to RM 250K, and a typical market range of RM 215K to RM 250K.
Most transactions involved cluster house, with high diversity across multiple property types.
For price per square foot, the median is RM 184, with most transactions between RM 173 and RM 196. The usual range is RM 169.27 to RM 199.27, 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 11 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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.