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

TAMAN MERAK (P.LOT 1717)

Area Intelligence

2023

Median Price

RM 435,000

PSF: RM 185

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Residential PSF Trends

Median Price

RM 435,000

PSF: RM 185

TAMAN MERAK (P.LOT 1717) in Melaka Tengah, Melaka recorded 1 subsale transactions in 2023, priced between RM 300K and RM 500K, with a median price of RM 435K and a median price per square foot (PSF) of RM 185.

This area consists exclusively of residential properties, with no commercial listings recorded.

Price remained flat, and PSF growth was PSF remained flat.

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

For price per square foot, the median is RM 185, with most transactions between RM 185 and RM 185. The usual range is RM 170.38 to RM 200.38, 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 0 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.

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

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