Melaka
Melaka Tengah
Ayer Molek
TAMAN PAYA BARU

TAMAN PAYA BARU

Area Intelligence

2024

Median Price

RM 340,000

PSF: RM 209

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Residential PSF Trends

Median Price

RM 340,000

PSF: RM 209

TAMAN PAYA BARU in Melaka Tengah, Melaka recorded 3 subsale transactions in 2024, with a median price of RM 340K and a median price per square foot (PSF) of RM 209.

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 340K, with most transactions falling within a stable range of RM 326K to RM 377K, and a typical market range of RM 326K to RM 395K.

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

The median PSF stands at RM 209, with core pricing between RM 182 and RM 236. Market pricing typically extends from RM 188.00 to RM 230.00, reflecting moderate variation in unit pricing. With an IQR of RM 42.00 and MAD of RM 27, 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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TAMAN PAYA BARU, Melaka Tengah, Melaka

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