Melaka
Melaka Tengah
Bt Berendam
TAMAN MERDEKA JAYA

TAMAN MERDEKA JAYA

Area Intelligence

2024

Median Price

RM 335,000

PSF: RM 255

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Commercial PSF Trends

Median Price

RM 335,000

RM 255 PSF

TAMAN MERDEKA JAYA in Melaka Tengah, Melaka recorded 2 subsale transactions in 2024, priced between RM 300K and RM 500K, with a median price of RM 335K and a median price per square foot (PSF) of RM 255.

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 335K, with most transactions falling within a stable range of RM 320K to RM 350K, and a typical market range of RM 320K to RM 350K.

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

For price per square foot, the median is RM 255, with most transactions between RM 244 and RM 267. The usual range is RM 226.85 to RM 283.35, showing that most units are priced quite close to each other. With an IQR of RM 56.50 and MAD of RM 11, 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.

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TAMAN MERDEKA JAYA, Melaka Tengah, Melaka

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