Property Type
|
Road
|
Price
|
PSF
|
Size
|
Date
|
Type
|
|---|---|---|---|---|---|
| 2023 | |||||
|
Lorong 2
|
RM 390,000
|
RM 437
|
893 sqft
|
|
2-Sty Terrace |
|
Lorong 1
|
RM 230,000
|
RM 257
|
893 sqft
|
|
2-Sty Terrace |
|
Lorong 3
|
RM 220,000
|
RM 246
|
893 sqft
|
|
2-Sty Terrace |
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Market Snapshot
ResidentialRM 230,000
RM 257 psfMedian transaction price
No. 1, 1-1 & 3, Jalan Malim Jaya 2/7A, Taman Malim Permai, 75250 Melaka, Malaysia
Maps1-1 & 3 in Melaka Tengah, Melaka recorded 3 subsale transactions in 2023, with a median price of RM 230K and a median price per square foot (PSF) of RM 257.
This area contains both residential and commercial properties. View 16 residential properties or 5 commercial properties separately for more focused analysis.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 230K, with most transactions falling within a stable range of RM 220K to RM 308K, and a typical market range of RM 220K to RM 264K.
Most transactions involved 2 - 2 1/2 storey terraced, though some variety exists in the market.
Price per square foot shows a median of RM 257, though individual units vary from RM 170 to RM 345 in the core range. The broader market spans RM 165.44 to RM 349.44, indicating diverse property characteristics. A wider spread (IQR: RM 184.00) and deviation (MAD: RM 87) indicate significant PSF variations, likely due to diverse property types or conditions.
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.