TAMAN MERAK (P.LOT 1717) in Melaka Tengah, Melaka recorded 0 subsale transactions in 2023, with a median price of RM 488K and a median price per square foot (PSF) of RM 258.
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 488K, with most transactions falling within a stable range of RM 406K to RM 569K, and a typical market range of RM 359K to RM 616K.
Most transactions involved cluster house, with high diversity across multiple property types.
For price per square foot, the median is RM 258, with most transactions between RM 243 and RM 273. The usual range is RM 243.00 to RM 273.00, 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 15 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.
