| Road | Price | PSF | Size | Date | Type |
|---|
|
Jalan M8
|
RM 230,000
|
RM 177
|
1,302 sqft
|
|
|
Jalan M
|
RM 435,000
|
RM 185
|
2,347 sqft
|
|
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Market Snapshot
ResidentialRM 332,500
RM 181 psfMedian transaction price
1717, Jalan Bukit Baru, 75150 Melaka, Malaysia
MapsTaman Merak (P.lot 1717) in Melaka Tengah, Melaka recorded 2 subsale transactions in 2023, with a median price of RM 333K and a median price per square foot (PSF) of RM 181.
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 333K, with most transactions falling within a stable range of RM 230K to RM 435K, and a typical market range of RM 230K to RM 435K.
Most transactions involved cluster house, with high diversity across multiple property types.
For price per square foot, the median is RM 181, with most transactions between RM 177 and RM 185. The usual range is RM 165.99 to RM 195.99, 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 4 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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.