TAMAN MERBOK

Area Intelligence

2023

Median Price

RM 290,000

PSF: RM 199

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Residential PSF Trends

Median Price

RM 290,000

PSF: RM 199

TAMAN MERBOK in Melaka Tengah, Melaka recorded 3 subsale transactions in 2023, with a median price of RM 290K and a median price per square foot (PSF) of RM 199.

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 290K, with most transactions falling within a stable range of RM 280K to RM 290K, and a typical market range of RM 270K to RM 290K.

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

For price per square foot, the median is RM 199, with most transactions between RM 188 and RM 211. The usual range is RM 180.75 to RM 217.25, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 36.50 and an average deviation (MAD) of RM 12 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.

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TAMAN MERBOK, Melaka Tengah, Melaka

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