TMN MERAK (P.LOT 1717)

TMN MERAK (P.LOT 1717) in Melaka Tengah, Melaka recorded 15 subsale transactions in 2022, with a median price of RM 569K and a median price per square foot (PSF) of RM 258.

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 569K, with most transactions falling within a stable range of RM 399K to RM 739K, and a typical market range of RM 441K to RM 697K.

Most transactions involved cluster house, with high diversity across multiple property types.

Price per square foot shows a median of RM 258, though individual units vary from RM 204 to RM 312 in the core range. The broader market spans RM 243.00 to RM 273.00, indicating diverse property characteristics. The spread of RM 30.00 (IQR) and deviation of RM 54 (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.