TAMAN MERDEKA JAYA

TAMAN MERDEKA JAYA in Melaka Tengah, Melaka recorded 2 subsale transactions in 2023, with a median price of RM 419K and a median price per square foot (PSF) of RM 167.

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 167, though individual units vary from RM 115 to RM 219 in the core range. The broader market spans RM 138.75 to RM 195.25, indicating diverse property characteristics. A wider spread (IQR: RM 56.50) and deviation (MAD: RM 52) 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.