|
Road
|
Price
|
PSF
|
Size
|
Date
|
Type
|
|---|---|---|---|---|---|
| 2023 | |||||
|
Lorong 3
|
RM 320,000
|
RM 330
|
969 sqft
|
|
2-Sty Terrace |
|
Lorong 1
|
RM 200,000
|
RM 206
|
969 sqft
|
|
2-Sty Terrace |
| 2022 | |||||
|
Lorong 2
|
RM 130,000
|
RM 134
|
969 sqft
|
|
2-Sty Terrace |
|
Jalan Tmj 13
|
RM 120,000
|
RM 121
|
990 sqft
|
|
Terrace |
| 2021 | |||||
|
Lorong 3
|
RM 160,000
|
RM 165
|
969 sqft
|
|
2-Sty Terrace |
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Market Snapshot
ResidentialRM 160,000
RM 165 psfMedian transaction price
Persiaran Tanah Merah Jaya, Tanjung Kling, Melaka, Malaysia
MapsTanah Merah Jaya in Melaka Tengah, Melaka recorded 5 subsale transactions between 2021 and 2026, up to 1,000 sqft, with a median price of RM 160K and a median price per square foot (PSF) of RM 165.
This area consists exclusively of residential properties, with no commercial listings recorded.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 160K, with most transactions falling within a stable range of RM 120K to RM 233K, and a typical market range of RM 133K to RM 188K.
Most transactions involved 1 - 1 1/2 storey terraced, with moderate diversity in property types available.
Price per square foot shows a median of RM 165, though individual units vary from RM 90 to RM 241 in the core range. The broader market spans RM 137.29 to RM 193.04, indicating diverse property characteristics. A wider spread (IQR: RM 55.75) and deviation (MAD: RM 75) 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. Limited transaction history suggests carefully evaluating comparable sales data.