TAMAN MERBOK

TAMAN MERBOK in Melaka Tengah, Melaka recorded 5 subsale transactions in 2021, with a median price of RM 491K and a median price per square foot (PSF) of RM 197.

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 491K, with most transactions falling within a stable range of RM 299K to RM 683K, and a typical market range of RM 380K to RM 602K.

Most transactions involved 2 - 2 1/2 storey terraced, with high diversity across multiple property types.

The median PSF stands at RM 197, with core pricing between RM 163 and RM 231. Market pricing typically extends from RM 146.50 to RM 247.50, reflecting moderate variation in unit pricing. The spread of RM 101.00 (IQR) and deviation of RM 34 (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.