TAMAN MERDEKA

Area Intelligence

2022

Median Price

RM 519,000

PSF: RM 178

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Residential PSF Trends

Median Price

RM 280,000

PSF: RM 171

Commercial PSF Trends

Median Price

RM 519,000

RM 178 PSF

TAMAN MERDEKA in Melaka Tengah, Melaka recorded 2 subsale transactions in 2022, priced between RM 500K and RM 750K, with a median price of RM 519K and a median price per square foot (PSF) of RM 178.

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 519K, with most transactions falling within a stable range of RM 500K to RM 538K, and a typical market range of RM 500K to RM 538K.

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 178, with most transactions between RM 171 and RM 184. The usual range is RM 138.58 to RM 216.58, showing that most units are priced quite close to each other. With an IQR of RM 78.00 and MAD of RM 6, 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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