TAMAN SRI BAYAN in Alor Gajah, Melaka recorded 7 subsale transactions in 2024, with a median price of RM 950K and a median price per square foot (PSF) of RM 442.
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 950K, with most transactions falling within a stable range of RM 848K to RM 1.05 million, and a typical market range of RM 666K to RM 1.23 million.
Most transactions involved office lot, with moderate diversity in property types available.
The median PSF stands at RM 442, with core pricing between RM 373 and RM 512. Market pricing typically extends from RM 326.63 to RM 557.38, reflecting moderate variation in unit pricing. The spread of RM 230.75 (IQR) and deviation of RM 70 (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. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.
