TAMAN SRI BAYAN in Alor Gajah, Melaka recorded 4 subsale transactions in 2023, with a median price of RM 225K and a median price per square foot (PSF) of RM 217.
This area consists exclusively of commercial properties, with no residential listings recorded.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 225K, with most transactions falling within a stable range of RM 123K to RM 327K, and a typical market range of RM -58,750 to RM 509K.
Most transactions involved office lot, with moderate diversity in property types available.
Price per square foot shows a median of RM 217, though individual units vary from RM 147 to RM 286 in the core range. The broader market spans RM 101.13 to RM 331.88, indicating diverse property characteristics. A wider spread (IQR: RM 230.75) and deviation (MAD: RM 70) indicate significant PSF variations, likely due to diverse property types or conditions.
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.
