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Market Snapshot
ResidentialRM 408,500
RM 128 psfMedian transaction price
no.1, 75250, Jln Keladi 4, Melaka, Malaysia
MapsTaman Balai Panjang Murni in Melaka Tengah, Melaka recorded 2 subsale transactions between 2021 and 2026, sized between 3,175 and 3,224 sqft, with a median price of RM 409K and a median price per square foot (PSF) of RM 128.
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 409K, with most transactions falling within a stable range of RM 367K to RM 450K, and a typical market range of RM 382K to RM 435K.
Most transactions involved 1 - 1 1/2 storey terraced, with minimal variety in property types.
The median PSF stands at RM 128, with core pricing between RM 114 and RM 141. Market pricing typically extends from RM 109.84 to RM 145.34, reflecting moderate variation in unit pricing. With an IQR of RM 35.50 and MAD of RM 13, 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. 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.