| Road | Price | PSF | Size | Date | Type |
|---|
|
Lorong 3, Jalan M3
|
RM 240,000
|
RM 201
|
1,195 sqft
|
|
|
Jalan M 3
|
RM 250,000
|
RM 192
|
1,302 sqft
|
|
|
|
Jalan M 6
|
RM 215,000
|
RM 165
|
1,302 sqft
|
|
|
Jalan Merak Mas 15
|
RM 435,000
|
RM 185
|
2,347 sqft
|
|
|
|
Jalan Merak Mas 15
|
RM 435,000
|
RM 185
|
2,347 sqft
|
|
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Market Snapshot
ResidentialRM 250,000
RM 185 psfMedian transaction price
1717, Jalan Bukit Baru, 75150 Melaka, Malaysia
MapsTaman Merak (P.lot 1717) in Melaka Tengah, Melaka recorded 5 subsale transactions in 2024, with a median price of RM 250K 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. The median price is RM 250K, with most transactions falling within a stable range of RM 215K to RM 349K, and a typical market range of RM 215K to RM 378K.
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 174 and RM 197. 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 12 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.