| Road | Price | PSF | Size | Date | Type |
|---|
|
Jalan Cahaya 6
|
RM 70,000
|
RM 60
|
1,173 sqft
|
|
|
Jalan Cahaya 2
|
RM 60,000
|
RM 50
|
1,195 sqft
|
|
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Market Snapshot
ResidentialRM 65,000
RM 55 psfMedian transaction price
77500, Malacca, Malaysia
MapsRum Awam Tebong (Taman Sri Cahaya) in Alor Gajah, Melaka recorded 2 subsale transactions in 2022, with a median price of RM 65K and a median price per square foot (PSF) of RM 55.
This area consists exclusively of residential properties, with no commercial listings recorded.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 65K, with most transactions falling within a stable range of RM 60K to RM 70K, and a typical market range of RM 60K to RM 70K.
Most transactions involved low-cost house, with minimal variety in property types.
For price per square foot, the median is RM 55, with most transactions between RM 50 and RM 60. The usual range is RM 51.32 to RM 58.57, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 7.25 and an average deviation (MAD) of RM 5 indicate a highly stable PSF trend across properties.
Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.