TAMAN MERDEKA

Area Intelligence

2021

Median Price

RM 415,000

PSF: RM 136

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Residential PSF Trends

Median Price

RM 410,000

PSF: RM 128

Commercial PSF Trends

Median Price

RM 420,000

RM 144 PSF

TAMAN MERDEKA in Melaka Tengah, Melaka recorded 2 subsale transactions in 2021, priced between RM 300K and RM 500K, with a median price of RM 415K and a median price per square foot (PSF) of RM 136.

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 415K, with most transactions falling within a stable range of RM 410K to RM 420K, and a typical market range of RM 410K to RM 420K.

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

For price per square foot, the median is RM 136, with most transactions between RM 128 and RM 144. The usual range is RM 97.12 to RM 175.12, showing that most units are priced quite close to each other. With an IQR of RM 78.00 and MAD of RM 8, 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. Despite diverse property types, prices remain relatively stable, offering options for different buyer preferences. Limited transaction history suggests carefully evaluating comparable sales data.

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TAMAN MERDEKA, Melaka Tengah, Melaka

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