TANAH MERAH JAYA in Melaka Tengah, Melaka recorded 1 subsale transactions in 2021, 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 125K to RM 195K, 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.
The median PSF stands at RM 165, with core pricing between RM 135 and RM 196. Market pricing typically extends from RM 137.29 to RM 193.04, reflecting moderate variation in unit pricing. The spread of RM 55.75 (IQR) and deviation of RM 31 (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.
