TANAH MERAH JAYA

TANAH MERAH JAYA in Melaka Tengah, Melaka recorded 7 subsale transactions in 2023, with a median price of RM 169K and a median price per square foot (PSF) of RM 139.

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 169K, with most transactions falling within a stable range of RM 105K to RM 233K, and a typical market range of RM 142K to RM 197K.

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 139, though individual units vary from RM 107 to RM 171 in the core range. The broader market spans RM 111.13 to RM 166.88, indicating diverse property characteristics. The spread of RM 55.75 (IQR) and deviation of RM 32 (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.