Melaka
Melaka Tengah
Tangga Batu
TANAH MERAH JAYA

TANAH MERAH JAYA

Area Intelligence

2023

Median Price

RM 320,000

PSF: RM 96

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Residential PSF Trends

Median Price

RM 320,000

PSF: RM 96

TANAH MERAH JAYA in Melaka Tengah, Melaka recorded 1 subsale transactions in 2023, with a median price of RM 320K and a median price per square foot (PSF) of RM 96.

This area consists exclusively of residential properties, with no commercial listings recorded.

Price remained flat, and PSF growth was PSF remained flat.

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

For price per square foot, the median is RM 96, with most transactions between RM 96 and RM 96. The usual range is RM 68.13 to RM 123.88, showing that most units are priced quite close to each other. With an IQR of RM 55.75 and MAD of RM 0, 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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TANAH MERAH JAYA, Melaka Tengah, Melaka

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