TAMAN MERDEKA

TAMAN MERDEKA in Melaka Tengah, Melaka recorded 14 subsale transactions in 2023, priced up to RM 300K, with a median price of RM 253K and a median price per square foot (PSF) of RM 166.

This area contains both residential and commercial properties. View 74 residential properties or 8 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 253K, with most transactions falling within a stable range of RM 210K to RM 290K, and a typical market range of RM 198K to RM 290K.

Most transactions involved 1 - 1 1/2 storey terraced, with high diversity across multiple property types.

Price per square foot shows a median of RM 166, though individual units vary from RM 118 to RM 213 in the core range. The broader market spans RM 126.67 to RM 204.67, indicating diverse property characteristics. A wider spread (IQR: RM 78.00) and deviation (MAD: RM 47) indicate significant PSF variations, likely due to diverse property types or conditions.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.