Melaka
Melaka Tengah
Tangga Batu
TANAH MERAH JAYA

TANAH MERAH JAYA

Area Intelligence

2023

Median Price

RM 159,500

PSF: RM 148

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Residential PSF Trends

Median Price

RM 159,500

PSF: RM 148

TANAH MERAH JAYA in Melaka Tengah, Melaka recorded 6 subsale transactions in 2023, with a median price of RM 160K and a median price per square foot (PSF) of RM 148.

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 128K to RM 191K, and a typical market range of RM 132K to RM 187K.

Most transactions involved 1 - 1 1/2 storey terraced, with moderate diversity in property types available.

The median PSF stands at RM 148, with core pricing between RM 119 and RM 177. Market pricing typically extends from RM 120.13 to RM 175.88, reflecting moderate variation in unit pricing. The spread of RM 55.75 (IQR) and deviation of RM 29 (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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TANAH MERAH JAYA, Melaka Tengah, Melaka

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Transactions

6 transactions grouped by size

Popular Ranges

Under RM 300k RM 300k - 500k RM 500k - 750k RM 750k - 1M RM 1M - 2M RM 2M+

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Max Price (RM)

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Size Range (sqft)

Popular Ranges

Under 1,000 sqft 1,000 - 2,000 sqft 2,000 - 3,000 sqft 3,000 - 5,000 sqft 5,000 - 10,000 sqft 10,000+ sqft

Custom Range

Min Size (sqft)

Max Size (sqft)

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Road	Price	Land PSF	Land	Date	Type

1,100 sqft

RM 100,000

KAMPUNG TANAH MERAH JAYA

1,076 sqft · RM 93 PSF

Oct 2023

RM 200,000

LORONG 1

1,076 sqft · RM 186 PSF

Aug 2023

RM 180,000

JALAN TMJ 9

1,076 sqft · RM 167 PSF

Apr 2023

RM 150,000

JALAN TMJ 7

1,076 sqft · RM 139 PSF

Mar 2023

RM 169,000

JALAN 12

1,076 sqft · RM 157 PSF

Jan 2023

RM 150,000

JALAN TMJ 10

1,076 sqft · RM 139 PSF

Jan 2023

KAMPUNG TANAH MERAH JAYA	RM 100,000	RM 93	1,076 sqft	Oct 2023	Single Storey Terraced
LORONG 1	RM 200,000	RM 186	1,076 sqft	Aug 2023	Double Storey Terraced
JALAN TMJ 9	RM 180,000	RM 167	1,076 sqft	Apr 2023	Single Storey Terraced
JALAN TMJ 7	RM 150,000	RM 139	1,076 sqft	Mar 2023	Single Storey Terraced
JALAN 12	RM 169,000	RM 157	1,076 sqft	Jan 2023	Single Storey Terraced
JALAN TMJ 10	RM 150,000	RM 139	1,076 sqft	Jan 2023	Single Storey Terraced