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

TAMAN MERAK (P.LOT 1717)

Area Intelligence

2021

Median Price

RM 528,500

PSF: RM 244

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Residential PSF Trends

Median Price

RM 528,500

PSF: RM 244

TAMAN MERAK (P.LOT 1717) in Melaka Tengah, Melaka recorded 4 subsale transactions in 2021, priced between RM 300K and RM 750K, with a median price of RM 529K and a median price per square foot (PSF) of RM 244.

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 529K, with most transactions falling within a stable range of RM 491K to RM 566K, and a typical market range of RM 471K to RM 569K.

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

The median PSF stands at RM 244, with core pricing between RM 217 and RM 272. Market pricing typically extends from RM 229.49 to RM 259.49, reflecting moderate variation in unit pricing. With an IQR of RM 30.00 and MAD of RM 27, the PSF demonstrates reasonable consistency across the market.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. 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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