TMN MERAK (P.LOT 1717)

TMN MERAK (P.LOT 1717) in Melaka Tengah, Melaka recorded 4 subsale transactions in 2021, with a median price of RM 529K and a median price per square foot (PSF) of RM 245.

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 529K, with most transactions falling within a stable range of RM 491K to RM 566K, and a typical market range of RM 471K to RM 569K.

Most transactions involved 3 - 3 1/2 sto, with high diversity across multiple property types.

For price per square foot, the median is RM 245, with most transactions between RM 228 and RM 262. The usual range is RM 230.00 to RM 260.00, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 30.00 and an average deviation (MAD) of RM 17 indicate a highly stable PSF trend across properties.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.