Double Storey Terrace, Taman Merlimau Mutiara Phase 1 @ Merlimau, Melaka
Powered by NAPIC + DOSM data
Generated 30 April 2026
Developer
—
Location
Merlimau, Melaka
Type
Landed House
Price
RM385k+
Tenure
—
Completion
—
NewProjek Verdict
- •**Value & Pricing**: Entry-level pricing at RM385,000 is competitive for double-storey terrace housing in Melaka, offering affordability for first-time buyers, though long-term appreciation potential may be moderate given the saturated landed property market in the state.
- •**Location & Connectivity**: Merlimau lacks MRT access and established commercial infrastructure, limiting convenience for commuters; proximity to Melaka City (approximately 20-30km) means reliance on personal vehicles for daily activities and employment opportunities.
- •**Risk & Timing**: Absence of specified completion date and tenure details creates uncertainty for investment planning; market demand in Merlimau remains niche compared to established suburbs, potentially affecting resale liquidity and price growth during economic downturns.
NewProjek Score
6
Moderate
- • Developer verification status not confirmed
- • Priced in line with area median
Is this project priced fairly?
Melaka — Median Condo Prices (NAPIC)
| Year | Median Price | YoY Change |
|---|---|---|
| 2021 | RM285,000 | — |
| 2022 | RM291,000 | +2.1% |
| 2023 | RM297,000 | +2.1% |
| 2024 | RM304,000 | +2.4% |
| 2025 | RM310,000 | +2.0% |
Est. Monthly Rental
RM1,100–1,500
Based on similar properties in Melaka
Gross Rental Yield
3.7%–4.7%
Annual rental / property price
Area Price Trend
+8.8%
NAPIC data 2021–2025
Price-to-Income
5.2x
National avg: 6.8x
Loan Eligibility by Salary
| Monthly Salary | Max Affordable | Can Afford? |
|---|---|---|
| RM5,000 | RM704k | Yes |
| RM7,000 | RM1.0 mil | Yes |
| RM10,000 | RM1.5 mil | Yes |
| RM15,000 | RM2.3 mil | Yes |
| RM20,000 | RM3.2 mil | Yes |
Based on 4.5% interest, 35-year tenure, 70% DSR, RM500 existing commitments, 90% loan margin
DOSM income data for Melaka
Median Household Income
RM6,210/mo
DOSM 2022
Mean Household Income
RM8,057/mo
DOSM 2022
Households Above RM8k
~35%
Estimated for Melaka
Similar projects in Melaka
| Project | Location | Price From | Status |
|---|---|---|---|
| Bungalow Land @ Taman Seri Bertam, Melaka Tengah | Melaka Tengah | RM214k | New Launch |
| Shang Height Residence @ Melaka City - 15 min to Jonker Walk | Melaka Tengah | RM250k | New Launch |
| Seri Serindit Residensi @ Bukit Serindit, Melaka (3km - Jonker Walk) | Melaka Tengah | RM270k | Completed |
Why Consider
- • Located in Merlimau, Melaka
- • By Developer
Risk Factors
- • Under construction — completion delays are possible
- • No MRT/LRT station listed nearby — may affect future demand
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Disclaimer: This report is generated using publicly available data from NAPIC, DOSM, and developer disclosures. Rental estimates, yield projections, and risk assessments are indicative only and do not constitute financial advice. Market conditions may change. Consult a licensed property valuer or financial advisor before making investment decisions. NewProjek is not responsible for any decisions made based on this report.