Melaka
Melaka Tengah
Ayer Molek
TAMAN PAYA BARU

TAMAN PAYA BARU

Area Intelligence

2024

Median Price

RM 333,000

PSF: RM 214

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Residential PSF Trends

Median Price

RM 333,000

PSF: RM 214

TAMAN PAYA BARU in Melaka Tengah, Melaka recorded 2 subsale transactions in 2024, with a median price of RM 333K and a median price per square foot (PSF) of RM 214.

This area contains both residential and commercial properties. View 3 residential properties or 6 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 333K, with most transactions falling within a stable range of RM 326K to RM 340K, and a typical market range of RM 326K to RM 340K.

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

For price per square foot, the median is RM 214, with most transactions between RM 209 and RM 218. The usual range is RM 192.50 to RM 234.50, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 42.00 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. Despite diverse property types, prices remain relatively stable, offering options for different buyer preferences. Limited transaction history suggests carefully evaluating comparable sales data.

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TAMAN PAYA BARU, Melaka Tengah, Melaka

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