Melaka
Melaka Tengah
Bkt Baru
TAMAN MERAK (P.LOT 1717)

TAMAN MERAK (P.LOT 1717)

Area Intelligence

2022

Median Price

RM 350,000

PSF: RM 211

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Residential PSF Trends

Median Price

RM 350,000

PSF: RM 211

TAMAN MERAK (P.LOT 1717) in Melaka Tengah, Melaka recorded 3 subsale transactions in 2022, priced between RM 300K and RM 500K, with a median price of RM 350K and a median price per square foot (PSF) of RM 211.

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 350K, with most transactions falling within a stable range of RM 300K to RM 402K, and a typical market range of RM 300K to RM 426K.

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

The median PSF stands at RM 211, with core pricing between RM 185 and RM 238. Market pricing typically extends from RM 196.14 to RM 226.14, reflecting moderate variation in unit pricing. With an IQR of RM 30.00 and MAD of RM 26, the PSF demonstrates reasonable consistency across the market.

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.

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

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