TMN MERAK (P.LOT 1717)

TMN MERAK (P.LOT 1717) in Melaka Tengah, Melaka recorded 2 subsale transactions in 2024, with a median price of RM 278K and a median price per square foot (PSF) of RM 168.

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 278K, with most transactions falling within a stable range of RM 270K to RM 285K, and a typical market range of RM 270K to RM 285K.

Most transactions involved 1 - 1 1/2 storey terraced, with minimal variety in property types.

The median PSF stands at RM 168, with core pricing between RM 150 and RM 185. Market pricing typically extends from RM 149.00 to RM 186.00, reflecting moderate variation in unit pricing. With an IQR of RM 37.00 and MAD of RM 18, the PSF demonstrates reasonable consistency across the market.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.