TMN MERAK
Residential Market
Median Price
RM 590,000
PSF Trends (2021-2025)
PROPERTY TYPES OVERVIEW
Single Storey Terraced
62 properties
Median Price
RM 290,000
+7.2% CAGR
Median PSF
RM 281.00
+10.7% CAGR
Low-Cost House
25 properties
Median Price
RM 280,000
+2.3% CAGR
Median PSF
RM 271.50
+1.4% CAGR
Double Storey Shop
12 properties
Median Price
RM 350,000
+23.5% CAGR
Median PSF
RM 221.50
-8.1% CAGR
Double Storey Terraced
11 properties
Median Price
RM 465,000
+12.8% CAGR
Median PSF
RM 326.00
-0.6% CAGR
Low-Cost Flat
6 properties
Median Price
RM 61,500
-15.0% CAGR
Median PSF
RM 114.00
-15.4% CAGR
Single Storey Shop
2 properties
Median Price
RM 260,000
+16.7% CAGR
Median PSF
RM 216.50
+15.4% CAGR
Single Storey Semi-D
1 properties
Median Price
RM 310,000
Median PSF
RM 98.00
3-Storey Storey Shop
1 properties
Median Price
RM 830,000
Median PSF
RM 404.00
| Property Type | Properties | Median Price | Price CAGR | Median PSF | PSF CAGR | |
|---|---|---|---|---|---|---|
| Single Storey Terraced | 62 |
RM 290,000
±35K MAD
|
+7.19% |
RM 281.00
±39 MAD
|
+10.67% | |
| Low-Cost House | 25 |
RM 280,000
±10K MAD
|
+2.33% |
RM 271.50
±8 MAD
|
+1.44% | |
| Double Storey Shop | 12 |
RM 350,000
±3K MAD
|
+23.50% |
RM 221.50
±35 MAD
|
-8.12% | |
| Double Storey Terraced | 11 |
RM 465,000
±44K MAD
|
+12.81% |
RM 326.00
±4 MAD
|
-0.62% | |
| Low-Cost Flat | 6 |
RM 61,500
±5K MAD
|
-15.04% |
RM 114.00
±10 MAD
|
-15.38% | |
| Single Storey Shop | 2 |
RM 260,000
±20K MAD
|
+16.67% |
RM 216.50
±16 MAD
|
+15.42% | |
| Single Storey Semi-D | 1 |
RM 310,000
|
- |
RM 98.00
|
- | |
| 3-Storey Storey Shop | 1 |
RM 830,000
|
- |
RM 404.00
|
- |
TMN MERAK in Melaka Tengah, Melaka recorded 2 subsale transactions in 2023, with a median price of RM 590K and a median price per square foot (PSF) of RM 198.
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 590K, with most transactions falling within a stable range of RM 290K to RM 890K, and a typical market range of RM 433K to RM 747K.
Most transactions involved 2 - 2 1/2 storey terraced, though some variety exists in the market.
Price per square foot shows a median of RM 198, though individual units vary from RM 152 to RM 243 in the core range. The broader market spans RM 150.25 to RM 244.75, indicating diverse property characteristics. The spread of RM 94.50 (IQR) and deviation of RM 46 (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.
Filter by type, year, price, and size
Transactions
2 properties grouped by size
| Road | Price | PSF | Size | Date | Type |
|---|
|
JLN M 2
|
RM 290,000
|
RM 152.00
|
1,905 sqft
|
Jan 2023
|
|
JLN M 3
|
RM 890,000
|
RM 243.00
|
3,660 sqft
|
May 2023
|