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 263K to RM 357K, and a typical market range of RM 260K to RM 360K.
Most transactions involved 2 - 2 1/2 storey shop, with high diversity across multiple property types.
Price per square foot shows a median of RM 212, though individual units vary from RM 168 to RM 256 in the core range. The broader market spans RM 167.75 to RM 256.25, indicating diverse property characteristics. The spread of RM 88.50 (IQR) and deviation of RM 44 (MAD) suggest moderate price variations reflecting different property features.
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.
