TAMAN MERAK in Melaka Tengah, Melaka recorded 1 subsale transactions in 2024, with a median price of RM 618K and a median price per square foot (PSF) of RM 401.
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 618K, with most transactions falling within a stable range of RM 454K to RM 782K, and a typical market range of RM 461K to RM 775K.
Most transactions involved 2 - 2 1/2 storey terraced, though some variety exists in the market.
The median PSF stands at RM 401, with core pricing between RM 334 and RM 468. Market pricing typically extends from RM 353.75 to RM 448.25, reflecting moderate variation in unit pricing. The spread of RM 94.50 (IQR) and deviation of RM 67 (MAD) suggest moderate price variations reflecting different property features.
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.
