| Road | Price | PSF | Size | Date | Type |
|---|
|
Pusat Perniagaan Bandar Baru
|
RM 200,000
|
RM 214
|
936 sqft
|
|
|
Jalan Bandar Baru 11
|
RM 350,000
|
RM 168
|
2,077 sqft
|
|
|
Jalan Iks Masjid Tanah 2
|
RM 630,000
|
RM 219
|
2,874 sqft
|
|
|
Jalan Durian Daun
|
RM 800,000
|
RM 267
|
2,992 sqft
|
|
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Market Snapshot
CommercialRM 490,000
RM 216 psfMedian transaction price
MT 1355, Komplex Perniagaan Bandar Baru, Masjid Tanah, 78300, Masjid Tanah, Melaka, Taman Bandar Baru, 78300 Masjid Tanah, Malacca, Malaysia
MapsPusat Perdagangan Masjid Tanah in Alor Gajah, Melaka recorded 4 subsale transactions in 2023, with a median price of RM 490K and a median price per square foot (PSF) of RM 216.
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 490K, with most transactions falling within a stable range of RM 256K to RM 724K, and a typical market range of RM 350K to RM 630K.
Most transactions involved 1 - 1 1/2 storey shop, with moderate diversity in property types available.
The median PSF stands at RM 216, with core pricing between RM 181 and RM 251. Market pricing typically extends from RM 175.14 to RM 257.64, reflecting moderate variation in unit pricing. The spread of RM 82.50 (IQR) and deviation of RM 35 (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.