MASJID TANAH NEW TOWNSHIP FASA 2 in Alor Gajah, Melaka recorded 1 subsale transactions in 2023, with a median price of RM 350K and a median price per square foot (PSF) of RM 156.
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 350K, with most transactions falling within a stable range of RM 285K to RM 415K, and a typical market range of RM 256K to RM 444K.
Most transactions involved 2 - 2 1/2 storey shop, with minimal variety in property types.
Price per square foot shows a median of RM 156, though individual units vary from RM 114 to RM 199 in the core range. The broader market spans RM 117.33 to RM 195.33, indicating diverse property characteristics. A wider spread (IQR: RM 78.00) and deviation (MAD: RM 43) 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. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.
