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Market Snapshot
ResidentialRM 65,000
RM 108 psfMedian transaction price
Jalan Bukit Baru, Bukit Piatu, 75150 Melaka, Malaysia
MapsRum Pangsa Bkt Piatu in Melaka Tengah, Melaka recorded 2 subsale transactions in 2022, with a median price of RM 65K and a median price per square foot (PSF) of RM 108.
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 65K, with most transactions falling within a stable range of RM 52K to RM 78K, and a typical market range of RM 56K to RM 75K.
Most transactions involved low-cost flat, with minimal variety in property types.
For price per square foot, the median is RM 108, with most transactions between RM 98 and RM 118. The usual range is RM 80.88 to RM 134.88, showing that most units are priced quite close to each other. With an IQR of RM 54.00 and MAD of RM 10, 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.