BANDAR BARU SIMPANG EMPAT

Area Intelligence
2023
Median Price
RM 310,000
PSF: RM 212

Residential PSF Trends

Median Price

RM 335,000

PSF: RM 239

Commercial PSF Trends

Median Price

RM 285,000

RM 185 PSF

BANDAR BARU SIMPANG EMPAT in Alor Gajah, Melaka recorded 4 subsale transactions in 2023, with a median price of RM 310K and a median price per square foot (PSF) of RM 212.

This area contains both residential and commercial properties. View 12 residential properties or 7 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 310K, with most transactions falling within a stable range of RM 293K to RM 285K, and a typical market range of RM 260K to RM 285K.

Most transactions involved 2 - 2 1/2 storey shop, with high diversity across multiple property types.

For price per square foot, the median is RM 212, with most transactions between RM 199 and RM 226. The usual range is RM 167.75 to RM 256.25, showing that most units are priced quite close to each other. With an IQR of RM 88.50 and MAD of RM 14, the PSF demonstrates reasonable consistency across the market.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.

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BANDAR BARU SIMPANG EMPAT, Alor Gajah, Melaka

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Transactions

2 transactions grouped by size

1,550 sqft
Double Storey Shop
RM 285,000
JALAN BBSE 3
1,539 sqft · RM 185 PSF
1,600 sqft
Single Storey Terraced
RM 250,000
JALAN BANDAR BARU SIMPANG EMPAT 9
1,582 sqft · RM 158 PSF

No Properties For Sale

There are currently no properties listed for sale in this area.

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