MASJID TANAH NEW TOWNSHIP FASA 2 in Alor Gajah, Melaka recorded 3 subsale transactions in 2022, with a median price of RM 480K and a median price per square foot (PSF) of RM 193.
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 480K, with most transactions falling within a stable range of RM 415K to RM 545K, and a typical market range of RM 386K to RM 574K.
Most transactions involved 2 - 2 1/2 storey shop, with minimal variety in property types.
Price per square foot shows a median of RM 193, though individual units vary from RM 150 to RM 235 in the core range. The broader market spans RM 153.55 to RM 231.55, indicating diverse property characteristics. The spread of RM 78.00 (IQR) and deviation of RM 43 (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.
