TAMAN MERDEKA

Area Intelligence

2021

Median Price

RM 340,000

PSF: RM 108

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Residential PSF Trends

Median Price

RM 340,000

PSF: RM 108

Commercial PSF Trends

Median Price

RM 320,000

RM 207 PSF

TAMAN MERDEKA in Melaka Tengah, Melaka recorded 2 subsale transactions in 2021, sized between 3,000 and 10,000 sqft, with a median price of RM 340K and a median price per square foot (PSF) of RM 108.

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 340K, with most transactions falling within a stable range of RM 270K to RM 410K, and a typical market range of RM 286K to RM 394K.

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

The median PSF stands at RM 108, with core pricing between RM 89 and RM 128. Market pricing typically extends from RM 69.44 to RM 147.44, reflecting moderate variation in unit pricing. The spread of RM 78.00 (IQR) and deviation of RM 20 (MAD) suggest moderate price variations reflecting different property features.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.

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TAMAN MERDEKA, Melaka Tengah, Melaka

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