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Market Snapshot
ResidentialRM 325,000
RM 229 psfMedian transaction price
1717, Jalan Bukit Baru, 75150 Melaka, Malaysia
MapsTaman Merak (P.lot 1717) in Melaka Tengah, Melaka recorded 2 subsale transactions between 2021 and 2026, sized between 1,375 and 1,424 sqft, with a median price of RM 325K and a median price per square foot (PSF) of RM 229.
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 325K, with most transactions falling within a stable range of RM 300K to RM 350K, and a typical market range of RM 300K to RM 350K.
Most transactions involved cluster house, with high diversity across multiple property types.
For price per square foot, the median is RM 229, with most transactions between RM 211 and RM 246. The usual range is RM 213.74 to RM 243.74, 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 18 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.