TMN MERAK (P.LOT 1717)

TMN MERAK (P.LOT 1717) in Melaka Tengah, Melaka recorded 2 subsale transactions in 2023, with a median price of RM 333K and a median price per square foot (PSF) of RM 218.

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 333K, with most transactions falling within a stable range of RM 230K to RM 435K, and a typical market range of RM 230K to RM 435K.

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

The median PSF stands at RM 218, with core pricing between RM 177 and RM 259. Market pricing typically extends from RM 203.00 to RM 233.00, reflecting moderate variation in unit pricing. The spread of RM 30.00 (IQR) and deviation of RM 41 (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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.