TAMAN MERAK

TAMAN MERAK in Melaka Tengah, Melaka recorded 2 subsale transactions in 2023, with a median price of RM 590K and a median price per square foot (PSF) of RM 198.

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 590K, with most transactions falling within a stable range of RM 290K to RM 890K, and a typical market range of RM 433K to RM 747K.

Most transactions involved 2 - 2 1/2 storey terraced, though some variety exists in the market.

Price per square foot shows a median of RM 198, though individual units vary from RM 152 to RM 243 in the core range. The broader market spans RM 150.25 to RM 244.75, indicating diverse property characteristics. The spread of RM 94.50 (IQR) and deviation of RM 46 (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.