TAMAN MERDEKA

Area Intelligence
2023
Median Price
RM 290,000
PSF: RM 203

Residential PSF Trends

Median Price

RM 330,000

PSF: RM 188

Commercial PSF Trends

Median Price

RM 219,000

RM 203 PSF

TAMAN MERDEKA in Melaka Tengah, Melaka recorded 19 subsale transactions in 2023, sized between 1,000 and 3,000 sqft, with a median price of RM 290K and a median price per square foot (PSF) of RM 203.

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 290K, with most transactions falling within a stable range of RM 218K to RM 365K, and a typical market range of RM 236K to RM 344K.

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

The median PSF stands at RM 203, with core pricing between RM 165 and RM 240. Market pricing typically extends from RM 163.53 to RM 241.53, reflecting moderate variation in unit pricing. The spread of RM 78.00 (IQR) and deviation of RM 37 (MAD) suggest moderate price variations reflecting different property features.

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.

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TAMAN MERDEKA, Melaka Tengah, Melaka

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Property Transactions

19 transactions grouped by size

1,100 sqft
Shop/Retail Lot
RM 218,000
Level 1
1,076 sqft · RM 203 PSF
RM 220,000
Level 1
1,076 sqft · RM 204 PSF
1,400 sqft
Double Storey Terraced
RM 420,000
JALAN M 22
1,399 sqft · RM 300 PSF
1,550 sqft
Single Storey Terraced
RM 240,000
JALAN TEMBUSU 6
1,539 sqft · RM 156 PSF
RM 235,000
JALAN M 24
1,539 sqft · RM 153 PSF
RM 365,000
JALAN M43
1,539 sqft · RM 237 PSF
RM 350,000
JALAN M22
1,539 sqft · RM 227 PSF
RM 285,000
JALAN M37
1,539 sqft · RM 185 PSF
RM 250,000
JALAN M 37
1,539 sqft · RM 162 PSF
1,650 sqft
Double Storey Terraced
RM 350,000
LORONG 1
1,625 sqft · RM 215 PSF
RM 400,000
LORONG 1
1,625 sqft · RM 246 PSF
2,100 sqft
Double Storey Semi-D
RM 440,000
JALAN M10
2,099 sqft · RM 210 PSF
2,450 sqft
Double Storey Semi-D
RM 450,000
JALAN M19
2,454 sqft · RM 183 PSF

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There are currently no properties listed for sale in this area.

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