TAMAN MERAK (P.LOT 1717)

Area Intelligence
2022
Median Price
RM 285,000
PSF: RM 192

Residential PSF Trends

Median Price

RM 285,000

PSF: RM 192

TAMAN MERAK (P.LOT 1717) in Melaka Tengah, Melaka recorded 3 subsale transactions in 2022, with a median price of RM 285K and a median price per square foot (PSF) of RM 192.

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 285K, with most transactions falling within a stable range of RM 264K to RM 300K, and a typical market range of RM 250K to RM 300K.

Most transactions involved cluster house, with high diversity across multiple property types.

The median PSF stands at RM 192, with core pricing between RM 155 and RM 229. Market pricing typically extends from RM 176.95 to RM 206.95, reflecting moderate variation in unit pricing. The spread of RM 30.00 (IQR) and deviation of RM 37 (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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.

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TAMAN MERAK (P.LOT 1717), Melaka Tengah, Melaka

OSM

Track location

1,300 sqft
Single Storey Terraced
RM 250,000
JALAN M 8
1,302 sqft · RM 192 PSF
1,400 sqft
Double Storey Terraced
RM 300,000
JALAN M4
1,421 sqft · RM 211 PSF
2,300 sqft
Single Storey Terraced
RM 285,000
LORONG 3
2,282 sqft · RM 125 PSF

No Properties For Sale

There are currently no properties listed for sale in this area.

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