TAMAN TASIK UTAMA in Alor Gajah, Melaka recorded 4 subsale transactions in 2021, with a median price of RM 535K and a median price per square foot (PSF) of RM 127.
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 535K, with most transactions falling within a stable range of RM 430K to RM 640K, and a typical market range of RM 435K to RM 635K.
Most transactions involved semi-detached factory/warehouse, with minimal variety in property types.
The median PSF stands at RM 127, with core pricing between RM 104 and RM 150. Market pricing typically extends from RM 104.50 to RM 149.50, reflecting moderate variation in unit pricing. The spread of RM 45.00 (IQR) and deviation of RM 23 (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.
