Melaka
Melaka Tengah
Bt Berendam
TAMAN MERDEKA JAYA

TAMAN MERDEKA JAYA

Area Intelligence

2023

Median Price

RM 419,000

PSF: RM 171

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Commercial PSF Trends

Median Price

RM 419,000

RM 171 PSF

TAMAN MERDEKA JAYA in Melaka Tengah, Melaka recorded 2 subsale transactions in 2023, priced between RM 300K and RM 500K, with a median price of RM 419K and a median price per square foot (PSF) of RM 171.

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 419K, with most transactions falling within a stable range of RM 400K to RM 438K, and a typical market range of RM 400K to RM 438K.

Most transactions involved terraced factory/warehouse, with minimal variety in property types.

Price per square foot shows a median of RM 171, though individual units vary from RM 121 to RM 220 in the core range. The broader market spans RM 142.25 to RM 198.75, indicating diverse property characteristics. A wider spread (IQR: RM 56.50) and deviation (MAD: RM 49) indicate significant PSF variations, likely due to diverse property types or conditions.

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.

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TAMAN MERDEKA JAYA, Melaka Tengah, Melaka

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