TAMAN MERDEKA

TAMAN MERDEKA in Melaka Tengah, Melaka recorded 24 subsale transactions in 2023, priced up to RM 500K, with a median price of RM 288K and a median price per square foot (PSF) of RM 195.

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 288K, with most transactions falling within a stable range of RM 209K to RM 366K, and a typical market range of RM 233K to RM 342K.

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 195, though individual units vary from RM 137 to RM 254 in the core range. The broader market spans RM 156.47 to RM 234.47, indicating diverse property characteristics. A wider spread (IQR: RM 78.00) and deviation (MAD: RM 59) 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. Moderate transaction volume may require patience when buying or selling.