TMN MERBOK

TMN 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 270K to RM 324K, and a typical market range of RM 270K to RM 333K.

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

The median PSF stands at RM 199, with core pricing between RM 174 and RM 224. Market pricing typically extends from RM 180.75 to RM 217.25, reflecting moderate variation in unit pricing. With an IQR of RM 36.50 and MAD of RM 25, 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. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.