|
Road
|
Price
|
PSF
|
Size
|
Date
|
Type
|
|---|---|---|---|---|---|
| 2023 | |||||
|
Jalan Dato Palembang
|
RM 1,200,000
|
RM 110
|
10,893 sqft
|
|
Bungalow |
|
Jalan Dato Palembang
|
RM 650,000
|
RM 53
|
12,240 sqft
|
|
Bungalow |
| 2022 | |||||
|
Lorong Penghulu Abbas
|
RM 750,000
|
RM 66
|
11,306 sqft
|
|
Bungalow |
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Market Snapshot
ResidentialRM 750,000
RM 66 psfMedian transaction price
Jalan Datuk Palembang, 75150 Melaka, Malaysia
MapsJalan Dato' Palembang in Melaka Tengah, Melaka recorded 3 subsale transactions between 2021 and 2026, sized 10,000 sqft and above, with a median price of RM 750K and a median price per square foot (PSF) of RM 66.
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 750K, with most transactions falling within a stable range of RM 650K to RM 989K, and a typical market range of RM 650K to RM 923K.
Most transactions involved detached, though some variety exists in the market.
Price per square foot shows a median of RM 66, though individual units vary from RM 42 to RM 91 in the core range. The broader market spans RM 44.08 to RM 88.58, indicating diverse property characteristics. A wider spread (IQR: RM 44.50) and deviation (MAD: RM 24) 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.