| Road | Price | PSF | Size | Date | Type |
|---|
|
Lorong 3
|
RM 320,000
|
RM 330
|
969 sqft
|
|
|
|
Lorong 1
|
RM 200,000
|
RM 206
|
969 sqft
|
|
|
Kampung Tanah Merah Jaya
|
RM 100,000
|
RM 93
|
1,076 sqft
|
|
|
|
Jalan Tmj 9
|
RM 180,000
|
RM 167
|
1,076 sqft
|
|
|
|
Jalan Tmj 7
|
RM 150,000
|
RM 139
|
1,076 sqft
|
|
|
|
Jalan 12
|
RM 169,000
|
RM 157
|
1,076 sqft
|
|
|
|
Jalan Tmj 10
|
RM 150,000
|
RM 139
|
1,076 sqft
|
|
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Market Snapshot
ResidentialRM 169,000
RM 157 psfMedian transaction price
Persiaran Tanah Merah Jaya, Tanjung Kling, Melaka, Malaysia
MapsTanah 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 157.
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 157, though individual units vary from RM 87 to RM 227 in the core range. The broader market spans RM 129.14 to RM 184.89, indicating diverse property characteristics. A wider spread (IQR: RM 55.75) and deviation (MAD: RM 70) 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.