TAMAN MERDEKA

Area Intelligence

2023

Median Price

RM 445,000

PSF: RM 196

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Residential PSF Trends

Median Price

RM 445,000

PSF: RM 196

Commercial PSF Trends

Median Price

RM 320,000

RM 207 PSF

TAMAN MERDEKA in Melaka Tengah, Melaka recorded 2 subsale transactions in 2023, sized between 2,000 and 3,000 sqft, with a median price of RM 445K and a median price per square foot (PSF) of RM 196.

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 445K, with most transactions falling within a stable range of RM 440K to RM 450K, and a typical market range of RM 440K to RM 450K.

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 196, with most transactions between RM 183 and RM 210. The usual range is RM 157.49 to RM 235.49, showing that most units are priced quite close to each other. With an IQR of RM 78.00 and MAD of RM 13, 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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