TAMAN BKT PENGKALAN(PENGKALAN JAYA) in Melaka Tengah, Melaka recorded 4 subsale transactions in 2024, with a median price of RM 363K and a median price per square foot (PSF) of RM 195.
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 363K, with most transactions falling within a stable range of RM 269K to RM 457K, and a typical market range of RM 277K to RM 448K.
Most transactions involved 1 - 1 1/2 storey terraced, with high diversity across multiple property types.
The median PSF stands at RM 195, with core pricing between RM 165 and RM 226. Market pricing typically extends from RM 167.13 to RM 222.88, reflecting moderate variation in unit pricing. The spread of RM 55.75 (IQR) and deviation of RM 31 (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.
