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Market Snapshot
CommercialRM 428,000
RM 214 psfMedian transaction price
Taman Merdeka Jaya, 75350 Melaka, Malaysia
MapsTaman Merdeka Jaya in Melaka Tengah, Melaka recorded 0 subsale transactions between 2021 and 2026, with a median price of RM 428K and a median price per square foot (PSF) of RM 214.
This area consists exclusively of commercial properties, with no residential listings recorded.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 428K, with most transactions falling within a stable range of RM 418K to RM 438K, and a typical market range of RM 379K to RM 477K.
Most transactions involved terraced factory/warehouse, with minimal variety in property types.
For price per square foot, the median is RM 214, with most transactions between RM 209 and RM 219. The usual range is RM 185.75 to RM 242.25, showing that most units are priced quite close to each other. With an IQR of RM 56.50 and MAD of RM 5, 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.