TAMAN MERBOK

TAMAN MERBOK in Melaka Tengah, Melaka recorded 14 subsale transactions in 2022, with a median price of RM 473K and a median price per square foot (PSF) of RM 285.

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 473K, with most transactions falling within a stable range of RM 257K to RM 688K, and a typical market range of RM 362K to RM 583K.

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

Price per square foot shows a median of RM 285, though individual units vary from RM 214 to RM 356 in the core range. The broader market spans RM 234.50 to RM 335.50, indicating diverse property characteristics. The spread of RM 101.00 (IQR) and deviation of RM 71 (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.