TANAH MERAH JAYA

TANAH MERAH JAYA in Melaka Tengah, Melaka recorded 3 subsale transactions in 2022, with a median price of RM 130K and a median price per square foot (PSF) of RM 121.

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 130K, with most transactions falling within a stable range of RM 120K to RM 166K, and a typical market range of RM 120K to RM 158K.

Most transactions involved 2 - 2 1/2 storey semi-det, with moderate diversity in property types available.

The median PSF stands at RM 121, with core pricing between RM 107 and RM 135. Market pricing typically extends from RM 93.13 to RM 148.88, reflecting moderate variation in unit pricing. With an IQR of RM 55.75 and MAD of RM 14, the PSF demonstrates reasonable consistency across the market.

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.