Double Storey Terrace, Taman Merlimau Mutiara Phase 3 @ Merlimau, Melaka
Powered by NAPIC + DOSM data
Generated 15 March 2026
Developer
—
Location
Merlimau, Melaka
Type
Landed House
Price
RM485k+
Tenure
—
Completion
—
NewProjek Verdict
Double Storey Terrace, Taman Merlimau Mutiara Phase 3 @ Merlimau, Melaka by the developer is a Landed House development in Merlimau, Melaka starting from RM485k. With standard tenure, it offers a new launch opportunity worth evaluating against comparable projects in the area.
- • Developer verification status not confirmed
- • Priced 35% above area median — premium pricing
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
RM1,400–2,000
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
6.5x
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 |
|---|---|---|---|
| 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 | New Launch |
| Taman Rembia Damai, 1-Storey Terrace @ Alor Gajah, Melaka | Alor Gajah | RM288k | New Launch |
✅ Why Consider
- • Located in Merlimau, Melaka
- • By Developer
⚠️ Risk Factors
- • Under construction — completion delays are possible
- • Premium pricing relative to area median may limit resale upside
- • No MRT/LRT station listed nearby — may affect future demand
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.