TAMAN MERBOK

TAMAN MERBOK in Melaka Tengah, Melaka recorded 8 subsale transactions in 2024, with a median price of RM 424K and a median price per square foot (PSF) of RM 250.

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 424K, with most transactions falling within a stable range of RM 214K to RM 633K, and a typical market range of RM 313K to RM 534K.

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

The median PSF stands at RM 250, with core pricing between RM 209 and RM 291. Market pricing typically extends from RM 199.50 to RM 300.50, reflecting moderate variation in unit pricing. The spread of RM 101.00 (IQR) and deviation of RM 41 (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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.